CME's lithium hydroxide contract is cash-settled, therefore easy to use as hedgers do not need to worry about taking delivery of unsuitable grades.

Junior producers have been particularly hard hit.

An environmental impact study will be filed for an exploration program to be completed on Block IV during the year.

The Western Australia-based junior entered the ASX on the right foot, having raised A$15 million ($10m) on a heavily oversubscribed IPO.

A series of disappointments for the mining industry comes against the backdrop of weak commodity prices — although gold has been an exception.

A critical review of current developments in the global lithium industry and key takeaways by Chris Williams, Analyst at Adamas Intelligence.

Some 200 million Indonesians will vote for a new leader next month.