After soaring to record highs in 2022, prices of lithium, which is critical to the world's transition to greener energy, have tumbled almost 90%, prompting producers around the world to scale back investment plans.

Battery giant CATL has suspended operations at its Jianxiawo lithium mine in Jiangxi province for at least three months.

China’s electric vehicle (EV) battery industry is facing a powerful shake-up. The world’s largest battery maker, CATL, has stopped production at one of its biggest lithium mines, the Jianxiawo mine, after its permit expired.