Global industrial shifts: Lenzing restructuring and lithium sector developments

Several companies in the critical minerals and textile sectors are undergoing significant strategic shifts. Lenzing AG is implementing a major restructuring under its ‘Grow Nonwovens, Reset Textiles’ strategy. This includes a planned capital increase of up to 300 million euros, with anchor investors B&C Group and Suzano committed to the consortium. As part of this overhaul, Lenzing plans to phase out fiber production in Heiligenkreuz by the end of 2026 and sell its Grimsby plant, alongside significant global workforce reductions.

In the lithium sector, Highland Critical Minerals is entering the final phase of its summer exploration program at the Church Property in Northern Ontario, funded by a 400,000 CAD flow-through private placement. Meanwhile, European Lithium and Critical Metals are moving toward a merger via a court-sanctioned scheme of arrangement, with shareholder and court approval expected in September.

CATL has announced an interim dividend of 14.11 yuan per ten shares. However, the company faces operational uncertainty as the Jianxiawo lithium mine awaits environmental impact assessment approval from authorities in Yichun.