Core Lithium is one of several Australian lithium miners that has opted to cut production due to low prices. The company suspended operations at the Grants open pit at its Finniss mine in the Northern Territory in January.
UBS believes the cuts from CATL will result in 11 to 23 percent upside for lithium prices in the rest of 2024.
The firm also notes that speculation about production halts at CATL’s mine have been made in the past and proven to be false; however, this time it has higher conviction that the news is accurate.
No further comments had been gathered from CATL at the time of this writing.
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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