Lithium Related Media Articles, page-23559

A few days old. Not sure if an English version was posted but here is some paragraphs of the Chinese version translated. Some interesting points in the article

https://www.epochtimes.com/b5/24/7/19/n14294235.htm/amp


A person from the Yichun municipal government revealed to Caixin that "(lithium price) has fallen to 90,000, and enterprises have a choice. Some enterprises have to choose to reduce production or even stop production." Enterprises that have no mines themselves will first reduce production, but they cannot completely stop production, because in order to maintain the needs of downstream customers, half of the lithium salt enterprises are reducing production at present. The most uncomfortable is that the upstream ore dressing enterprises have stopped production in a large area.

A person from a lithium salt enterprise in Yichun told Cailian News Agency that the work did not start this month because the oil market was too bad. Manufacturers without mines can't continue to do it, and it is estimated that they will not start work next month. Now the employees are on holiday, and a small number of people are left to repair in the factory.

According to the estimates of the business agency, the current cost of lithium carbonate in the mining of lithium Mica is about 102,800 yuan/ton, and the price of lithium has long broken the cost line of purchasing lithium Mica. The above-mentioned person said, "If we can reach 100,000 yuan/ton, we can start construction."Yichun, Jiangxi Province is known as the "Lithium Capital of Asia", which mainly exists in the form of lithium mica. According to the data of Yichun Municipal Government, the annual output of lithium carbonate in Yichun in 2023 was 159,000 tons, accounting for 34.5% of the total domestic lithium carbonate output.