Movement Alert|CATL Rises 3.74% in Regular Trading, Jianxiawo Lithium Mine Regains Land Approval with Expected Q4 Resumption

Market Focus
06/22

On June 22, CATL rose 3.74% in regular trading, trading at 739.0 HKD/share, with turnover of 10.99 billion HKD.

On the news front, CATL's indirect subsidiary Yichun Times reacquired the Construction Project Land Pre-approval and Site Selection Opinion on June 17 for the Jianxiawo lithium mine project, valid through June 17, 2029. This document is a legally required prerequisite for project implementation, signaling that the mine — suspended for over 10 months — is officially back on track. Analysts estimate the project could resume production in Q4. The mine has an average lithium oxide grade of approximately 0.27%, with cash extraction costs of around RMB 100,000–110,000 per ton.

Additionally, Fitch Ratings upgraded CATL's issuer default rating from A- to A with a stable outlook, citing the company's strengthened business profile driven by robust long-term industry growth prospects, an increasingly entrenched global market leadership position, growing end-market diversification, and sustained strong financial performance including high profitability, solid free cash flow generation, and ample net cash reserves.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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