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CATL: Will accelerate the resumption and mining progress of lithium mines in the new lithium battery cycle
CATL’s management team stated during today’s 2025 annual report performance briefing that the lithium mine in Yichun, Jiangxi, obtained its mining license at the end of last year and is currently in the process of resuming production, involving government approval procedures. The Snowway lithium project also conducted preliminary preparations last year, including site setup and environmental assessments, which involve multiple approval steps and may take a bit longer. However, Snowway’s ore grade and costs are very high quality. Once mining begins, the benefits will be significant, helping to secure supply chain resources. The company plans to accelerate this work in the new cycle.