China to spend $4.48bn on domestic mining exploration

The price of the material that’s vital to the energy transition has plunged by around 80% since late 2022.

The global lead market has bifurcated since the start of June, with Shanghai prices significantly outperforming that of the LME.

India tops the global ranking with demand nearly 50 times that of its mined supply.

The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.