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[Zhichepai News] On February 19, the Australian lithium battery...

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    [Zhichepai News] On February 19, the Australian lithium battery stock market saw a significant rise. The market generally speculated that this rise may be related to the mining conditions of CATL’s Jianxiawo lithium mine in Yichun, China. According to local insiders in Yichun, although Ningde Times's Jianxiawo lithium-containing porcelain clay ore dressing plant is currently on a normal holiday for the Spring Festival, mining activities were still proceeding normally before the Spring Festival.

    https://hotcopper.com.au/data/attachments/5973/5973024-8163f401710efce8c1135207661cee3d.jpg

    However, it is worth noting that the plant's lithium mining volume has dropped significantly compared with the original plan. Especially after the price of lithium carbonate fell below 100,000 yuan/ton, mining activities at the Ganxiawo lithium mine also decreased. This adjustment may reflect the market's sensitivity to lithium carbonate prices and changes in expectations for future demand.

    It is predicted that after resuming work after the holiday, the factory will continue to reduce production to adapt to current market demand and price trends. The change could mean expectations of reduced supply and higher prices for the Australian lithium battery market, which relies on lithium resources, driving the market higher.

    As China's leading battery manufacturer, CATL's adjustment of lithium mining volume has an important impact on the entire lithium battery industry chain. In the future, the market will pay close attention to the factory's resumption of work and further changes in lithium mining volume to assess its impact on the global lithium battery market.

    In 2023, CATL’s global power battery leadership position will become increasingly stable. In November 2023, CATL's market share in the global power battery industry reached 40.9%, reaching a new high. In terms of performance, CATL is expected to achieve a net profit of 42.5 billion yuan to 45.5 billion yuan last year, a year-on-year increase of 38.31% to 48.07%.

    ++++ By Google translation - https://smartcar.cnmo.com/news/768656.html ++++

    Last edited by 3Red: 20/02/24
 
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