The World Battery Leader has just stopped one of its greatest lithium mines abruptly. Simple administrative setback or carefully orchestrated pressure?
The advancement of electric cars seemed unstoppable, driven by increasingly convenient batteries. It is a democratization that largely depends on a constant lithium supply, this “white gold” that has become the nucleus of the dispute. But a sand in the gear – or rather a mountain – ended up crashing the mechanism.
The Chinese giant Catl, an essential supplier of almost all car producers, from Peugeot to Tesla, paused his largest lithium mine. And this news has clearly shaken the entire chain in the sector.
Catl: a giant with a forced stop
It is a real shock for industry. The Jianxiawo mine, located in the province of Jiangxi, has silent. This enormous place of extraction, responsible alone for 6% of the world lithium production, has revoked the operational license from the Chinese authorities.
The interruption is brusque and should last at least three months, the time required for the Catl to adapt to the administrative requirements.
This of mine is not just another place of extraction. It is simply the beating heart of supply in the world number 1 in batteries. Bank of America estimates, by the way, that the other mines in this strategic region represent 5% more than the global offer. That is, when Jiangxi “captures a cold”, the entire electric car chain is at risk of pneumonia. The immediate effect was not foreseen: the actions of competing companies, both Chinese and Australian, have shot and the price of …
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Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
