BYD intends to provide technology for Chilean mines to directly extract lithium, and will secure supplies through offtake agreements with producers.

The Eagle’s Nest project has been billed as the largest high-grade nickel discovery in Canada since Voisey’s Bay in Labrador.

Prices for the batteries rose in 2022 for the first time since BloombergNEF started tracking them.

Rising supplies and China removing subsidies for electric vehicles mean a retreat is on the cards.

Japan’s two biggest steelmakers are already spending a combined $1.3 billion to lift output of so-called electrical steel used in EV motors, and are now looking to raise that further.

With the addition of a second production well at the project, total indicated resources are 1.3 million tonnes of LCE at a grade of 284 mg/L.

Company had entered into an alliance with Navajo Nation to develop its flagship Big Sandy lithium project in Arizona.