Canada sees China as less ‘dependable’ partner on critical minerals, minister says

Some lithium operations in Yichun, Jiangxi province, have been halted as Beijing officials investigate alleged violations at the mines.

The probe comes amid a "shutdown and rectification" of lithium producers in Yichun, known by some as Asia's lithium capital.

Car companies are making inroads into the mining industry to lock in supplies of much-needed materials, putting them in direct competition with large, deal-hungry metals producers.

The Treasury in March is due to put out guidance on the sourcing of battery minerals.

Lithium producers in Australia saw profits surge on the back of high prices last year.

The company recorded a net profit attributable of $180.4 million for the half-year ended Dec. 31.

Li-FT acquired the Yellowknife lithium project last year.

Company posted a nearly 11-fold jump in half-year net profit, boosted by spodumene production at its Pilgangoora plant.

One of the conditions under the deal would allow Mineral Resources to increase its stake in the Wodgina lithium mine.