ArcelorMittal pulls out of Thai G Steel deal

Eramet becomes the first European company to produce lithium carbonate at an industrial scale.

The project, with an initial investment of $500 million, will start its preparatory phase from 2024 to 2027.

Iron ore has slumped 29% this year, hurt by the prolonged slowdown of China’s economy.

The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.