REDATOR Ben Graham Posted July 17, 2025 REDATOR Report Share Posted July 17, 2025 Lithium prices in China jumped to a near‑three‑month high and lithium stocks rallied after Zangge Mining halted operations in Qinghai province. Zangge, a subsidiary under Zijin Mining, suspended lithium production at a Qinghai mine after receiving a stop‑work order over non‑compliance from Haixi prefecture officials. The unit, targeting 11,000 tonnes of lithium carbonate this year with 5,350 tonnes already produced in H1, will need regulatory approval to resume. The halt comes as the global lithium market struggles with a glut of the material, and the domestic sector faces tighter scrutiny from Beijing, which has pledged to regulate excessive price competition across a host of industries. The most-active lithium carbonate contract on the Guangzhou Futures Exchange rose as much as 5.5% before paring gains to 2.5% on Thursday. Despite the dramatic price move, analysts see limited long‑term impact on supply. “Speculative sentiment is pretty strong right now but the actual impact will be limited,” Chen Jing of Galaxy Futures told Reuters. Argentina mining exports to top $5 billion in 2025 despite lithium struggles, industry body says The futures rally triggered gains in lithium producers. Sociedad Química y Minera de Chile (NYSE: SQM) rose 6.19% , Albemarle (NYSE: ALB) added 5.95%, while Sigma Lithium (NYSE: SGML) was up 9.97%. Visitante_80abd283, Visitante_59535de5 and Visitante_54beeb27 3 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.