He also confirmed in an interview that Indonesia would impose a carbon tax before the end of the year.

Shrinking profit margins suggest the mining end of the business might still be a better bet.

The idea Tesla and SAIC suppliers may be prioritized for power as people suffer in what is intense heat sparked a backlash on Chinese social media.

Floods in the northern Shanxi province, the biggest coal producer, are also leading to mine closures that could impact the wider electricity market.

Graphite, which is mostly produced in China, may cause issues.

The Inflation Reduction Act marks another big movement in the reshaping of critical mineral supply chains, writes Andy Home.