The consortium comprises Sumitomo Metal Mining, Mitsubishi Corp and Mitsui & Co Ltd.

Wyloo has breached the 90% holding in Mincor for compulsory acquisition and the takeover is expected to be sealed in the coming weeks.

China said on Monday it will impose export restrictions on gallium and germanium.

Toyota claims solid-state battery has a 745 mile range, with 10 minute charging time.

BYD in April was granted access to preferential prices for lithium carbonate in the country.

POSCO Group has been expanding into new businesses for diversification, including minerals used in electric vehicle batteries.

Mines across the continent are forecast to increase production of lithium raw materials more than 30-fold from last year’s volume by 2027.