Australia forecasts brutal lithium price correction as output surges Top producer of battery metal Australia sees spodumene prices holding up in 2023 but next year declines of nearly 40% are likely. Frik Els | July 4, 2023 | 3:46 pm
Toyota aims to halve size, cost, and weight of EV batteries with new solid-state technology Toyota claims solid-state battery has a 745 mile range, with 10 minute charging time. MINING.COM Staff Writer | July 4, 2023 | 9:31 am
BYD picks Brazil for its first EV hub outside Asia Brazil’s market has the potential to develop in the same way as China’s, with hybrid vehicles gradually giving way to pure EVs, BYD says. Bloomberg News | July 4, 2023 | 4:10 am
BYD takes next steps on $290 million lithium project in Chile BYD in April was granted access to preferential prices for lithium carbonate in the country. Bloomberg News | July 3, 2023 | 10:24 am
POSCO plans $93 billion of investment by 2030 POSCO Group has been expanding into new businesses for diversification, including minerals used in electric vehicle batteries. Reuters | July 3, 2023 | 10:14 am
China jumps ahead in the rush to secure lithium from Africa Mines across the continent are forecast to increase production of lithium raw materials more than 30-fold from last year’s volume by 2027. Bloomberg News | July 3, 2023 | 9:36 am
China set to boost state cobalt reserves after tumble in prices The National Food and Strategic Reserves Administration, the government stockpiling body, may buy about 2,000 tons of cobalt. Bloomberg News | July 3, 2023 | 8:34 am
Develop Global to buy Essential Metals for $102 million Develop Global, an Australian base metals explorer backed by lithium miner Mineral Resources, said Essential’s board had ok'd the deal. Cecilia Jamasmie | July 3, 2023 | 5:26 am
Glencore offers to buy rest of PolyMet for $71m The move will give Glencore a direct ownership of NorthMet, poised to be Minnesota’s first copper-nickel mine. Cecilia Jamasmie | July 3, 2023 | 3:34 am