Bank of America Securities: Production suspension of Yichun Lithium Mine by CATL (03750.HK) reduces supply, Upgrading Ganfeng Lithium (01772.HK) and Tianqi Lithium (09696.HK) to "Buy" Rating with significantly raised target price.

date
11/08/2025
According to the CNBC app, Bank of America Securities has released a research report stating that Ningde Times (03750) Yichun Lithium Mine factory in Jiangxi has suspended production since August 10th due to the expiration of its mining license. As the local government has asked eight lithium mine factories to complete a resource verification report, if the inspection becomes stricter, some supply may need to be suspended. The bank stated that the reduction in supply from Ningde Times, coupled with the peak season demand, may lead to a destocking of 5,000 to 10,000 metric tons of lithium carbonate equivalent (LCE) per month. By the end of this year, inventory levels may drop to around 100,000 to 110,000 tons.