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CATL's Application to Cancel Land Pre-examination and Site Selection Opinion for Jianxiawo Lithium Mine Approved
Recommend 6 Positive 12 Negative 4 |
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The Land and Spatial Use Control Division of the Jiangxi Provincial Department of Natural Resources recently announced that it has, in accordance with the law, approved the cancellation of the "Preliminary Approval and Site Selection Opinion for Construction Project Land Use" previously submitted by Yichun Era, a key mining subsidiary of CATL (03750.HK). A relevant person in charge of CATL said the company is currently unclear about the situation but believes it will not easily give up on the project. The cancellation is more likely due to adjustments in project planning and does not mean that CATL has completely abandoned the Jianxiawo lithium mine, according to current market sources. However, industry sources noted that going through the approval process again before final resumption of production would typically take one to one and a half years, or even longer. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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