Lithium Rises to 18-Month High
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Lithium carbonate futures in China hit CNY 99,000 per tonne, an 18-month high, due to supply caps and strong demand outlook. The Bureau of Natural Resources of Yichun plans to cancel 27 mining permits, aligning with China's strategy to reduce industry capacity. New energy vehicle sales rose 20.6% in November, and Beijing aims to double EV charging capacity by 2027, boosting lithium-rich energy storage systems.
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