Jim Chalmers says Labor will take further steps in response to PwC Australia’s “inexcusable” tax leak scandal; Australia’s Pacific minister is heading to Papua New Guinea. Follow updates here.
Lithium miner back in the driving seat on electric vehicle rebound
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For Australia’s miners of lithium, one of the critical metals to make electric batteries, last year started out like the one before it: with the same weakness in demand and pricing that has been forcing operators into survival mode.
The markets for battery ingredients lithium and cobalt, which soared from 2016-18, went from boom to bust after a rush of new projects tipped the industry into oversupply, and reductions in Chinese subsidy programs put a pause on the electric vehicle revolution.
Lithium miner back in the driving seat on electric vehicle rebound
We’re sorry, this service is currently unavailable. Please try again later.
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Advertisement
For Australia’s miners of lithium, one of the critical metals to make electric batteries, last year started out like the one before it: with the same weakness in demand and pricing that has been forcing operators into survival mode.
The markets for battery ingredients lithium and cobalt, which soared from 2016-18, went from boom to bust after a rush of new projects tipped the industry into oversupply, and reductions in Chinese subsidy programs put a pause on the electric vehicle revolution.