The new figure compares with a previous estimate of 21 million metric tons.

Chinese prices of lithium carbonate, a refined form of the metal, have halved from a peak in mid-November as supply pressure eased.

Chile’s millennial president, Gabriel Boric, promised to mine differently. He would turn the world’s largest copper producer and second largest lithium miner […]

According to the Energy Transitions Commission, it will require production of up to 6.5 billion tonnes of materials cumulatively between 2022 and 2050.

South Africa’s Moti Group said a Chinese company with which it planned to develop a lithium processing plant was halving its stake in the venture.

Governments have increasingly restricted or banned mineral exports in a bid to boost processing and retain more of the gains.