China's leading battery manufacturer CATL is continuing to increase its reserves of lithium mine resources.
In response to the rumor that "Chinese battery factories plan to reduce production because the price of lithium carbonate exceeds 600,000 yuan ($85,156)/ton", Chinese battery maker EVE Energy said that it is currently operating as per usual.
Australian mining firm Greenwing Resources announced on September 26 that it has reached a strategic financing agreement with electric vehicle firm NIO to accelerate exploration of a lithium salt lake project in Argentina.
Sichuan-based mining and manufacturing firm Tianqi Lithium released two announcements on September 21 aimed at boosting its stock price and market value.
On September 5, the lithium carbonate production agreement between power battery giant CATL and Yongxing Materials, a developer of new materials, was cancelled, and the two sides will seek other ways of working together.
On July 21, EVE Energy Co., Ltd. (EVE), a Huizhou-based lithium batteries supplier, announced it plans to set up a joint venture in China's Hunan province, and to invest in the staged construction of a lithium salt project with an eventual annual output of 90,000 tons.
On July 17, Chinese battery maker Sunwoda announced that its Zhejiang subsidiary intends to acquire the Laguna Caro mining rights project held by Goldinka Energy S. A. in Argentina.
Lithium mining giant Tianqi Lithium was listed on the Hong Kong Stock Exchange on July 13. Its stock fell as much as 11%, hitting a low of HK$ 72.65 ($9.25). The closing price sat at HK$128.6, with a total market value of HK$211.1 billion.