CATL, a China-based battery manufacturer, has announced the suspension of operations at one of its lithium mines in Yichun, Jiangxi province, due to an expired licence, according to a Reuters report.

Aug 11 (Reuters) - Chinese battery giant Contemporary Amperex Technology (300750.SZ) said on Monday it had suspended production at a major lithium mine, sparking a surge in lithium futures and miners' share prices, amid a broader crackdown on overcapacity.

The world’s largest battery maker CATL said it was suspending operations at a lithium mine in China, sending shares of other producers soaring on speculation that Beijing is moving to tackle industrial overproduction.