India considers incentives for lithium processing

Ambassador Cong Peiwu said the Canadian government is “wrong” to prevent Chinese investors from buying majority stakes in domestic mining companies, like it did in 2022.

Pilbara will deliver 20,000 tonnes of the mineral to Sichuan Yahua from its Pilgangoora operation this year and 100,000 tonnes annually in 2025 and 2026.

The mine, which will supply General Motors, is a key part of US President Biden's efforts to reduce dependence on Chinese lithium.

The project will be Australia's third rare earths processing plant after Lynas' Kalgoorlie operations and Iluka Resource's Eneabba heavy rare earths plant.

The first auction is planned for March 26.

UBS and Goldman Sachs have trimmed their 2024 supply estimates by 33% and 26%, respectively.

The Responsible Use of Seafloor Resources Act was introduced on Tuesday.

The policy drew investments of billions of dollars from smelting firms, most of them Chinese, and boosted Indonesia's exports.

The LME said that low carbon nickel could already be traded on its partner MetalsHub's system.