The battery material in China has continued to retreat from the all-time high hit last month as signs of demand weakness weigh on the market.

Australia is seeking overseas investment into its critical materials industry as it seeks to become a green energy superpower.

BYD intends to provide technology for Chilean mines to directly extract lithium, and will secure supplies through offtake agreements with producers.

The ban would be part of a ninth EU sanctions package that officials are planning to discuss with member states in the coming days.

Prices for the batteries rose in 2022 for the first time since BloombergNEF started tracking them.

Rising supplies and China removing subsidies for electric vehicles mean a retreat is on the cards.

Japan’s two biggest steelmakers are already spending a combined $1.3 billion to lift output of so-called electrical steel used in EV motors, and are now looking to raise that further.

With the addition of a second production well at the project, total indicated resources are 1.3 million tonnes of LCE at a grade of 284 mg/L.