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CATL Reportedly Requests Lower Costs at Jinxiwo Lithium Mine
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CATL (03750.HK)(300750.SZ) convened a "Jinxiwo Lithium Mine Resumption Work Meeting" on Tuesday (9th) through its subsidiary Yichun Times New Energy Mining (literal translation of "宜春時代新能源礦業"), Chinese news broke. The meeting indicated that all preparatory work must be completed before resuming operations at Jinxiwo Lithium Mine, including safety inspections and streamlining production processes, to accelerate production and achieve full capacity as soon as operations resume. Due to the oversupply situation of lithium carbonate, CATL reportedly requested Jinxiwo Lithium Mine to implement a comprehensive cost reduction plan to ensure competitiveness in lithium carbonate production costs. AASTOCKS Financial News Website: www.aastocks.com |
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