Rumors look to be have confirmed over night. Have seen from multple Chinese news outlets.
Shortly after, local media outlet Cailian confirmed the rumors were true, citing a response from CATL. According to a company representative, CATL plans to adjust lithium carbonate production in Yichun based on current market conditions. CATL had acquired exploration rights for a lithium mine in Yichun, dubbed the "lithium capital of Asia," for RMB 865 million in April 2022.
Good News & Bad News, page-46173
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