Lithium carbonate futures in China fell nearly 10% over two trading sessions to a 10-week low of 157,000 yuan ($23,175) per ton as of Tuesday, according to market data cited by a report from OilPrice.com. The decline followed reports that Contemporary Amperex Technology Co. (CATL) may soon restart operations at its Jianxiawo lithium mine in Jiangxi Province, after the Jiangxi Provincial Department of Natural Resources issued a “Project Land Use Pre-Approval and Site Selection Opinion” valid from June 17, 2026 through June 17, 2029, according to the report. The mine has the capacity to produce approximately 46,000 tons of lithium carbonate annually, representing about 3% of global supply, the report stated.
The pullback has extended losses for lithium mining stocks over the past 30 days. Lithium Americas fell 15.2%, Sigma Lithium Corp. dropped 14.8%, Atlas Lithium Corp. declined 10.2%, Albemarle Corp. lost 14.8%, and Sociedad Química y Minera de Chile S.A. shed 5.6%, according to the report.
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