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Bolivia, home to some of the world's biggest lithium reserves, signed a USD 450 million deal Wednesday with Russian state firm Uranium One Group to produce the key battery and electric vehicle components. Uranium One Group was one of seven firms vying for the contract under a tender launched last year by Bolivia's state-run lithium firm, YLB. YLB chief executive Karla Calderon said the pilot plant would produce 1,000 tonnes of battery-grade lithium carbonate in its first year, before eventually scaling up to 14,000 tonnes per year.

Cobalt Mine: China's CMOC Group, which boosted its cobalt output by 144% during the first three quarters of 2023, is now on track to become the world's biggest cobalt producer, overtaking commodity group Glencore. CMOC is due to lift its market share of the global mined cobalt market from 11% in 2022 to nearly 30% by 2025, said Jorge Uzcategui, an analyst at consultancy Benchmark Mineral Intelligence.

Graphite India Limited: Godi India, which is currently backed by Blue Ashva Capital, a venture capital fund, is engaged in advanced chemistry R&D to support the manufacturing of sustainable batteries for electric vehicles and supercapacitor-based energy storage systems.

Australiansuper: Lithium stocks have been battered as prices for hard rock lithium, or spodumene, have slumped 70% over the past year. Pilbara Minerals is the most shorted stock on the Australian Stock Exchange, ASX data shows, which has sent its shares down 21% over the past year.

China Lithium: The most-traded January lithium futures contract on the exchange edged up 1% on Friday to end the week at 124,050 yuan (USD 17,202.65) per metric ton, down 10% on the week. They shed 7% last week. It posted a 7% tumble on Thursday and now stands at less than half its price when the contract began trading in July.