Shares of North American lithium producers soared as investors bet that the suspension of a major Chinese mine would ease a supply glut and likely lead to a rebound in prices.

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Albemarle shares and other lithium stocks rose early Monday after Chinese battery maker Contemporary Amperex Technology Co.

David Deckelbaum, Managing Director in Equity Research at TD Cowen, joins BNN Bloomberg to discuss the impact of CATL shutting down one of world's top mines on lithium shares and prices.