Even as a battery producer I think it makes sense for CATL to suspend operations.
Low Lithium prices for a long term will make sure a lot of lithium miners are going out of business, this could reignite a similar run up in lithium prices as 2 years ago.
Having such a large piece of the lithium mining supply CATL is in control to determine lithium price bandwidths for a longer term.
Overall I think it is good for the lithium market that they made this decision. In the long term CATL will benefit from it, by keeping the lithium mining market healthy.
It is also good to read that these operations won't stay open with government support. If CATL would reopen the mine I certainly don't think it will be before the end of the Chinese New year.
Even as a battery producer I think it makes sense for CATL to...
Add LTM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.70 |
Change
0.380(11.5%) |
Mkt cap ! $1.293B | |||
| Open | High | Low | Value | Volume |
| $3.44 | $3.80 | $3.42 | $33.01M | 9.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $3.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 9790 | 3 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| LTM (ASX) Chart |