Albemarle has now agreed to pay $820 million for a 60% stake in the Wodgina mine, down from $1.15 billion for a 50% stake agreed in late 2018.

Three Indian state-run companies are to form a joint venture to buy mining assets overseas.

The Pastos Grandes lithium project has a life of 40 years and targeted production of 24,000 tonnes of lithium carbonate per year.

Lithium miners are bulking up for a booming future when electric cars go mainstream.

Several producers of Australian hard rock lithium have been asked by customers to delay shipments, find alternative customers and to renegotiate offtake agreements.

Key shareholder Ningbo Shanshan Co Ltd will increase its stake and invest A$22.4 million in the company.

European Metals is working on a definitive feasibility study and says it could begin project construction in mid-2020.