---
title: "Citi: CATL's Yichun lithium mine may be applying for contract renewal, expected to put pressure on lithium prices, maintains \"Outperform\" rating"
description: "Citi released a research report stating that, according to channel surveys, CATL (03750) may have submitted materials to the Natural Resources Bureau regarding the Yichun lithium mine in Jiangxi, mark"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/256662372.md"
published_at: "2025-09-10T03:36:04.000Z"
---

# Citi: CATL's Yichun lithium mine may be applying for contract renewal, expected to put pressure on lithium prices, maintains "Outperform" rating

> Citi released a research report stating that, according to channel surveys, CATL (03750) may have submitted materials to the Natural Resources Bureau regarding the Yichun lithium mine in Jiangxi, marking an important step in applying for a renewal. The firm believes that the company may seek "comprehensive utilization" approval by reporting very low lithium grades, which would be a shorter process compared to a complete lithium mining license. The firm expects lithium prices to face downward pressure, predicting that lithium carbonate prices will quickly fall below RMB 70,000 per ton, reflecting a resurgence of supply surplus in the market. The firm maintains a rating of outperform for CATL's H shares

According to the Zhitong Finance APP, Credit Lyonnais has released a research report stating that, based on channel surveys, CATL (03750, 300750.SZ) may have submitted materials to the Natural Resources Bureau regarding the lithium mine in Yichun, Jiangxi, marking an important step in applying for a contract renewal. The firm believes that the company may seek "comprehensive utilization" approval by reporting very low lithium grades, which would be a shorter process compared to a complete lithium mining permit. The firm expects lithium prices to face downward pressure, predicting that lithium carbonate prices will quickly fall below RMB 70,000 per ton, reflecting a resurgence of supply surplus in the market. The firm has given CATL's H-shares an outperform rating

### Related Stocks

- [03750.HK - CATL](https://longbridge.com/en/quote/03750.HK.md)
- [300750.CN - CATL](https://longbridge.com/en/quote/300750.CN.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.