Metals News Hubb
Advertisement Banner
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home News

Beijing probes illegal mining activities in Chinese lithium hub

admin by admin
February 27, 2023
in News


News of the probe follows a Yichun local government announcement on Thursday that it was cracking down on criminal activity in the lithium battery industry, such as unlicensed and environmentally damaging mining.

Yichun has 1.1 million tonnes of lithium oxide reserves and accounts for 12% of global output, according to the South China Morning Post.

One lithium analyst, who declined to be named, told Yicai that the industry optimistically estimates that the shutdown will last for about a month.

Yichun currently produces between 10,000 tons and 12,000 tons of lithium carbonate per month, it reported. “If production is suspended for a month, the affected scale may account for about 10% of the global market,” the analyst said.

Lithium batteries are a key component in electric vehicles, demand for which has grown rapidly in recent years as climate-conscious consumers snap up cars with electric powertrains amid soaring fuel prices.

Yichun’s rich lithium reserves have led to a rapid expansion of the city’s mining industry that has brought large tax revenues to the local government.

But the industry has also been plagued by over-mining and under-regulation, leading to environmental issues such as local water sources being polluted with thallium, a toxic metal.

The world’s largest battery maker CATL is one of many Chinese conglomerates that own assets in Yichun.

Last December several companies in the city’s lithium industry halted production as the local government investigated the water quality of a river that supplies residents.

(By Eduardo Baptista; Editing by Jan Harvey)





Source link

Previous Post

Comex Floor Trader Writes to TMR

Next Post

Biden Administration Imposes Additional 200 Percent Tariff On Russian Aluminium – Aluminium Insider

Next Post

Biden Administration Imposes Additional 200 Percent Tariff On Russian Aluminium – Aluminium Insider

Recommended

1871 Seated Liberty Dollar (PF66): A Truly Special Rare Coin

4 days ago

Mexico to urge US, Canada firms to participate in lithium market

4 months ago

Hindalco’s Belagavi Works Certified Under Aluminium Stewardship Initiative’s Performance Standard – Aluminium Insider

3 weeks ago

Is China Controlling the Silver Market?

3 months ago

Alba Sets Industry Best Safety Record With 30 MM Safe Working Hours Without Lost Time Injury – Aluminium Insider

7 months ago

European Metals lithium project labelled “strategic” by EU

2 months ago

© 2022 Metals News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Metallurgy
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact

© 2022 Metals News Hubb All rights reserved.