WA lithium miners have been smashed in Tuesday morning trade on the Australian Securities Exchange following reports that big a Chinese battery maker has moved a step closer to restarting a shuttered mine.
Liontown Resources had shed 9.4 per cent to 89.2¢ by 10.45am, while PLS (formerly Pilbara Minerals) dropped 7.7 per cent to $2.32.
IGO, still contenting with a troubled-plagued lithium hydroxide plant in Kwinana, slipped 3.5 per cent to $5 and Mineral Resources lost 4.5 per cent to $39.27.
Shares in key global producers including Albemarle and SQM also retreated in overnight trade.
The declines came after Bloomberg reported on Tuesday that Chinese authorities had green-lit the reserve report for CATL’s Jianxiawo lithium mine.
Production at the site has been halted since August after