Canada, Japan agree to work more closely on battery supply chains

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.

Syrah's largest shareholder AustralianSuper will fund the projects.

Funds will be used for the expansion of its flagship Kathleen Valley lithium project.

The facility would, if constructed, have the capacity to recycle the equivalent of 35,000 metric tons annually of battery material each year.

Glencore plans to develop a recycling hub in Europe with Canada’s  Li-Cycle Holdings.

The spot price of lithium carbonate in China has rebounded to the highest level since December.