GreenergyDaily

Jul. 17, 2025

Lithium futures in China climbed on Thursday to a nearly three-month high after a production halt at a major lithium producer boosted sentiment for the electric vehicle battery material.

Miner Zangge Mining said in an exchange filing that it had halted lithium production at a mine in Qinghai province following orders from local officials.

The most active lithium carbonate futures on the Guangzhou Futures Exchange jumped more than 5% in afternoon trade to hit 69,980 yuan ($9,749.51) per metric ton, the highest since April 21.

"Speculative sentiment is pretty strong right now but the actual impact will be limited," said Chen Jing, a Beijing-based analyst at Galaxy Futures, referring to the production suspension of a subsidiary of Zangge.