Chinese battery maker EVE to invest in lithium production
EVE, based in Huizhou in southern China, said in an exchange filing it planned to take 28.1% equity in Jinkulun Lithium Industry Co, which makes lithium metal in China.
Countries heavily reliant on their extractive sectors need to step up efforts to lure investors or they will see their infrastructure sectors stalled, warn analysts.
As seaborne coking (up 227% year-to-date) and thermal coal (up 128%) continue to rally, decline in US domestic prices, exports resume long-term down trend.