Shares of Liontown Resources, Pilbara Minerals Jump After Chinese Miner Stops Lithium Production

MT Newswires Live
Jul 21

Shares of lithium producers Liontown Resources (ASX:LTR) jumped 10%, while those of Pilbara Minerals (ASX:PLS) rose over 5% after China's Zangge Mining said on Thursday it had halted lithium production at a unit in Qinghai province on orders from local officials, sending lithium prices higher, according to a same-day Reuters article.

Haixi prefecture officials in China on Wednesday sent a notice ordering an immediate halt to non-compliant mining.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10