Global lithium producers saw a decline after CATL announced an early restart of its Jianxiawo mine, a major source of lithium. The mine contributes 3% of the world’s projected supply in 2025, adding pressure to an oversaturated market. Albemarle, Sigma Lithium, Liontown Resources, and Pilbara Minerals all experienced stock declines due to the news.

The lithium market has been facing challenges with prices plummeting from pandemic highs. Factors include slower electric vehicle demand growth than expected, increased supply in China, and new mines opening in Australia, Africa, and South America. Despite the slump, the sector remains attractive for strategic deals and long-term optimism.

In Chile, Codelco and SQM are finalizing a partnership for the Atacama salt flats, as part of Chile’s national lithium strategy. The deal will give Codelco majority control in exchange for SQM extending its operating rights to 2060. Meanwhile, Jindalee Lithium is progressing with plans to merge its McDermitt project in the U.S., positioning it as a significant project for U.S. critical minerals independence.

Read more at Yahoo Finance: Lithium Miners Sink As CATL Prepares To Restart, Large Deals Continue In The Background