CATL Suspends Lithium Production Lithium producer stocks surging off recent lows after CATL has suspended lithium production in Jiangxi due to prices falling below the company's cash cost of production.
This is expected to reduce China's monthly lithium carbonate output by 8%, potentially stabilizing the market, with analysts predicting a price rise of 11% to 23% for the remainder of 2024. (Source: https://cnevpost.com/2024/09/11/catl-suspends-lithium-production-in-jiangxi/)
While most hardrock and claystone projects still are under the benchmark for economical production, Direct Lithium Extraction technology continues to make waves into a more efficient and economical process for Lithium processing.
One such DLE company highlighted by its industry-leading results and successful pilot project with Koch Technology Solutions, EMP Metals (EMPS.c EMPPF) has made impressive progress in lithium brine extraction and is well positioned to potentially be a distinctive player in the North American Lithium and Direct Lithium Extraction sector, targeting the Duperow formation in the mining friendly jurisdiction of Saskatchewan, Canada.
EMP Metals recently garnered a lot of attention after setting a new industry benchmark, achieving lithium recovery rates above 97% and impurity rejection rates over 99% during its pilot program. With the renewed activity in Lithium producers followed by CATL's production cut now is an ideal time to position ahead of the curve.
For more information, refer to this deep dive:
https://www.reddit.com/r/smallstreetbets/comments/1exagl1/today_emp_metals_corp_empsc_achieves_breakthrough/
Posted on Behalf of EMP Metals Corp.