BUZZ-Australian lithium miners fall on report CATL restarts China refinery

Reuters
02-11
BUZZ-Australian lithium miners fall on report CATL restarts China refinery

** Shares of Australian lithium miners tumble following a report that Chinese electric vehicle maker CATL 300750.SZ has restarted production at a major lithium refinery in China

** Jiangsu Lopal Tech 603906.SS and CATL are recommencing production at a lithium refinery in China after around a five-month pause, Bloomberg News reported

** Major Australian lithium miners fall, with Liontown Resources LTR.AX down 7.6%, while IGO IGO.AX drops 4.1%

** Pilbara Minerals PLS.AX and Mineral Resources MIN.AX drop 3.2% and 4.8%, respectively

** CATL restarting production at the Chinese operation is set to further threaten any price recovery for the metal used to make batteries for electric vehicles

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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