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Analysis-China lithium boom slows as sagging prices batter high-cost miners

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.

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Andrew-hayley

New Hope Service celebrating its 2nd listing anniversary

New Hope Service celebrating its 2nd listing anniversary
jcnnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jcnnewswire.com Daily Mail and Mail on Sunday newspapers.

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Exporters already see RCEP wins with trade

A number of exporters said they have significantly benefited from the Regional Comprehensive Economic Partnership, as the agreement has helped lower tariffs and raise competence.

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Exporters already see RCEP wins with trade

A number of Chinese exporters said they have significantly benefited from the Regional Comprehensive Economic Partnership, as the agreement has helped lower tariffs and raise competence.

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