Growth in China’s Lithium Battery Industry

China’s lithium battery industry (CBI) has reported a notable 20% year-on-year growth from January to June, despite declining prices. As the world’s largest producer, Chinese battery manufacturers are expanding overseas, anticipating increased lithium demand.

Global Clean Tech Expansion

Batteries, according to the International Energy Agency (IEA), were the fastest-growing clean technology in 2023. Notable expansions were observed in utility-scale projects and electric vehicle battery deployment, which rose by 40%, producing over 14 million electric cars.

Lithium Sector Outlook

Despite a bearish market perception, the outlook remains optimistic due to the upbeat forecast for lithium batteries. This sector is pivotal for meeting future green energy demands.

ASX Companies’ Performances

Several ASX-listed companies with exposure to critical minerals, including lithium, demonstrate varied market performances. For instance, CRR has shown an impressive 71% weekly surge due to potential antimony reserves in Australia.

Critical Resources (CRR)

Critical Resources (CRR) is focusing on the Hillgrove South prospect for antimony after a decrease in lithium prices. The recent restrictions by China have spiked antimony prices, benefiting companies like CRR exploring antimony-rich areas.

MTM Critical Metals (MTM)

MTM Critical Metals reports breakthroughs in gallium recovery using Flash Joule Heating. This development is crucial as China holds 98% of global gallium supply and has imposed export restrictions.

WIN Metals (WIN)

WIN Metals acquired a new gold project in Western Australia, expanding its diversified portfolio amid current high gold prices. This move is strategic for WIN’s growth alongside its existing nickel and lithium resources.

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