Chinese lithium hydroxide prices played catch-up amid tight supply – report
Chinese lithium hydroxide prices experienced a double-digit percentage growth for two weeks in a row amid tight supply and strength from China’s lithium carbonate market.
But rising gold imports could widen India's trade deficit and further pressure its currency, the rupee, which hit a record low of 71.95 against the dollar on Wednesday.
The Central Asia-focused explorer and developer said Tulkubash’s measured and indicated resource is now over 1.4 million ounces of gold, while the grade also rose 57% to 1.35g/t gold.
Ganfeng Lithium Co Ltd has filed for a Hong Kong stock market flotation, betting on a rise in demand for lithium as electric cars become more mainstream.
The move threatens to jolt China's exports of aluminium, which have been booming in recent months. Mexico "is a big market" for Chinese aluminium foil.