Sinomine ’s chairman sees lithium carbonate prices dropping to about $57,443 a ton in 2023.

Agreement must now be ratified by members of the guild.

Global lithium production surpassed 100,000 tonnes for the first time in 2021.

The country’s behemoth iron ore miners ended the year on a high as China’s abrupt Covid Zero reversal and a steady stream of supportive policies raised the outlook for demand. 

Electra claims it will process up to 75 tonnes of black mass material in batches mode using its proprietary hydrometallurgical process in the demonstration plant.

Commodity research firm says production growth, weaker demand and negative sentiment in the industry will see iron ore, copper and industrial metals sink next year.