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Contemporary Amperex Technology Co. Limited (CATL) has temporarily ceased mining operations at its project in Yichun, Jiangxi Province, due to the expiration of its mining license on August 9 without immediate renewal. This suspension is anticipated to impact operations for a minimum of three months, prompting market anxieties regarding lithium supply. CATL has assured that it is expeditiously processing the application for the extension of the mining license and emphasized that this incident will have a negligible impact on the company's overall operations. While this measure may temporarily ease the oversupply situation within the lithium industry, the long-term balance of supply and demand remains uncertain. CATL is confronted with challenges in upstream investments, underscoring the need for lithium mining enterprises to enhance their awareness of compliant operations.
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