Chinese authorities have green-lit reserve reports from two major lithium producers operating in the mining hub of Yichun, easing concerns around output disruptions at a time when the sector’s excess capacity is under close government scrutiny.
Contemporary Amperex Technology Co. Ltd., whose Jianxiawo mine has been halted since last month, has now received the reserve approval, according to people familiar with the matter, who asked not to be named as they aren’t authorized to speak publicly. That brings the site one step closer to a mining permit and to a restart, though there is no guarantee, they said.