Lithium producers slumped after Chinese battery giant Contemporary Amperex Technology Co. Ltd. looked set to reopen an idled mine sooner than expected, putting fresh pressure on prices for the battery material.
Executives at CATL told employees in a meeting Tuesday to prepare for a resumption at the Jianxiawo site and recall front-line workers, said a person with direct knowledge of the matter, who asked not to be identified discussing private information.