A slump in the price of lithium, a key raw material in electric car batteries, is dragging on China's mining of the ultralight metal which together with a costly extraction process is prompting a reassessment of output growth and new project plans. Softening EV demand has knocked down global lithium prices, with a basket tracked by Benchmark Mineral Intelligence plunging more than 80% in the past 12 months. In China, which accounted for about a quarter of the world's mined lithium output in 2023, analysts expect the mining of lepidolite - a hard rock ore that is relatively expensive for producing lithium - to take a hit as a prolonged price slump makes costly production unsustainable.
A vice chairman of the country's top political advisory body is being investigated for "serious violations of discipline," the Communist Party's anti-graft fighter says.The Central Discipline Inspection Commission (CDIC) did not provide details of Su Rong's alleged crimes, but the phrase usually means graft.Su, the Vice Chairman of the Chinese People's Political Consultative
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