CATL plans to limit production of its main lithium mine. Citi suggests more production cuts may follow, with lithium mining stocks in the US rising in response

CATL is considering suspending some lithium mining and production operations, leading to a surge in lithium mining stocks in the US. On Wednesday, Albemarle's stock price rose by 13.6%, making it the company with the largest increase in the S&P 500 index. Citigroup analyst Jack Shang stated that CATL may close some lithium carbonate production lines, with an expected monthly reduction of 6,000 tons in supply. In addition, lithium production has decreased by 14%, leading to a positive sentiment in lithium prices and expected acceleration in destocking processes. Other lithium miners such as SQM, Arcadium, and Pilbara have also seen increases in their stock prices