China continues to dominate the EV market, as every second electric car sold globally in the past year was made in the country.

Production at its Bou Azzer mine in the Atlas mountains has been reduced "to preserve resources," amid low prices.

Australia, Chile, and China—accounted for 88% of lithium production last year.

The Pentagon will explore the feasibility of refining ocean-floor minerals in the U.S., reports the Wall Street Journal.

Kuvimba has identified a lithium ore resource of 38 million tons at Sandawana, the site of a mothballed emerald mine formerly run by Rio Tinto.

The metal has slumped to five-year lows amid booming production in the DRC and Indonesia.

Data from Benchmark Mineral Intelligence suggests that global prices have fallen by more than 80%, dragged by weaker demand for EVs.