Nonetheless, with the increase of new entrants into the lithium market, especially terminal enterprises and other metal mining enterprises, their influence on the industry's pricing scheme will gradually take form in 2023, and the use of third-party quotes will increase.
EVE Energy, a major battery maker in China; Zijin Lithium, a subsidiary of Longyan-based Zijin Mining Group; and Ruifu Lithium, a developer of lithium salts based in eastern China’s Shandong province; will establish a joint venture company in Hunan and invest in the construction of a project with an annual.