US lithium stocks jumped in overnight trading. Standard Lithium, Lithium Americas, Piedmont Lithium and LithiumSigma up 10%; Albemarle up 8%; Sociedad up 6%.
Chinese battery giant Contemporary Amperex Technology 300750.SZ said on Monday it had suspended production at a major lithium mine after its license expired, sparking a surge in lithium futures and miners' share prices.
CATL said the license for its mine in Yichun, in the southern province of Jiangxi, had expired on August 9 and the company was applying to renew it "as soon as possible".
"Once approved, we will resume production," CATL said.