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China's lithium prices drop as major mine loses license; miners report strong H1 profits and expansions.

Market News
21 Sep 2026
Seeking Alpha
View Source
Bullish
China's lithium prices drop as major mine loses license; miners report strong H1 profits and expansions.

China's lithium carbonate and spodumene spot prices fell significantly over the past month, influenced by the loss of license at CATL's Jianxiawo Mine, the country's largest lithium mine, which has returned to care and maintenance. Despite the price drop, major lithium producers like Ganfeng Lithium and Tianqi Lithium reported substantial profit increases in the first half of 2026, with Ganfeng swinging to profit and Tianqi's profit surging 49-fold. Zijin Mining also saw a 496% year-on-year increase in lithium production. Additionally, Liontown aims to fully acquire the Centenario lithium brine project in Argentina, while POSCO and IDB Invest plan to invest up to $700 million to expand lithium operations at Posco's Sal de Oro project in Argentina. These developments highlight ongoing shifts in lithium supply and demand dynamics amid market volatility.

Lithium miners news for September 2026 shows mixed market activity on Pluang's Basic Materials sector. For readers following lithium miners, here is Pluang's market snapshot as of Sep 22, 2026 09:51 WIB: of 35 priced Basic Materials-sector US stocks, 15 rose and 20 fell. Notable movers include LAC (Lithium Americas Corp) at USD 2.99 with a 1-day change of +4.55% and Pluang order activity of 90% Sell / 10% Buy, HMY (Harmony Gold Mining Co.) at USD 19.10 with a 1-day change of -4.16% and Pluang order activity of 63% Sell / 37% Buy, and SBSW (Sibanye Stillwater Ltd) at USD 11.20 with a 1-day change of -3.95% and Pluang order activity of 1% Sell / 99% Buy.

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