Lithium prices plunge in China after moves to curb speculative trading

Lithium prices in China fell sharply after the Guangzhou Futures Exchange curbed speculative trading and CATL planned to restart production at its lithium mine. The most-active lithium carbonate contract dropped 9% to 91,020 yuan per metric ton. GFEX increased transaction fees and limited daily open positions for non-futures company members. CATL's Jianxiawo mine, which can produce 46,000 tons of lithium carbonate annually, is set to resume production after a suspension since August.