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‘Asia’s Lithium Capital’ Halts Production Amid Probe – SCMP

Abnormal water quality has prompted concerns over the lithium being produced in the region, SCMP said


China's factory activity rose marginally in September but service sector growth slowed as the economy battled low demand and Covid restrictions, data released on Friday showed.
Employees work on a production line making lithium battery products at a factory in Yichang, Hubei. Reuters file photo.

 

Leading lithium manufacturers in China’s Yichun city, “Asia’s lithium capital,” have halted production amid a government investigation, the South China Morning Post reported.

Abnormal water quality in the Jin River has prompted concerns over the lithium being produced in the region, said the report. As a result, Shenzhen-listed Anshan Heavy Duty Mining Machinery, Shanghai-listed KangLongDa Special Protection Technology and Yongxing Special Materials Tech were all halting production, it said.

Read the full report: South China Morning Post

Read more:

Chinese Miner Zijin Vows to Continue Huge Lithium Buying Spree

China May Use Lithium Batteries to Power Submarines – SCMP

Lithium Miner Lake Resources Hits Back at Short-Seller Criticism

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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