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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

JANUARY 10, 2024

Lithium — the ultra-light metal used in electric-vehicle batteries — has plunged more than 80% from a late-2022 record, as the market whiplashed from shortage fears to a mountain of surplus inventories. Battery metals have been a bright spot for the mining industry in recent years. Chemaf Resources Ltd. Australia’s Core Lithium Ltd.

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Price Auto Batteries Battery 52
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Canada’s Trudeau suggests China uses slave labor in lithium production – ET Auto

Baua Electric

APRIL 29, 2023

Canadian Prime Minister Justin Trudeau on Friday suggested that China uses slave labor in the production of lithium as he discussed Canada’s efforts to ramp up production of the critical metal used in electric vehicle and other batteries. “If we’re honest … the lithium produced in Canada is going to be more expensive.

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