China to strengthen supervision of lithium battery supply chain
Most Chinese EV makers are registering losses despite rapid sales growth because of rising battery costs.
Most Chinese EV makers are registering losses despite rapid sales growth because of rising battery costs.
The world's second largest lithium miner also forecast global demand of the battery metal to grow this year by at least 40%.
The company released a prefeasibility study for the project in northern Ontario, showing lower resource grades and a reduced net present value, while dropping a plan to build a refinery.
Spot prices for lithium carbonate in China edged lower on Tuesday to register their first drop since June.
Australian miner will start paying dividends to shareholders for the first time since its listing in September 2007.
Mexico does not yet have commercial lithium production, though close to a dozen foreign companies hold contracts to explore potential deposits.
The 10-year debt facility will go toward expanding mining and processing at the Pilgangoora project.
Canadian government ordered three Chinese companies to divest from Canadian companies involved in critical minerals exploration based on national security concerns.
Imerys announced in late October a plan to produce around 34,000 tonnes of lithium hydroxide annually for at least 25 years from 2028.
Lithium has become super-expensive this year as car and battery manufacturers scour the planet for scarce supplies.