Australia's lithium mining boom hit by sagging prices
Source: BBC
Getty ImagesAustralia is the world's largest producer of lithium oreOften called “white gold” and the key component in rechargeable batteries, the metal lithium is so light that it floats on water, but its price has sunk like a stone over the past year.Due to a combination of falling global sales of electric vehicles, and a world oversupply of lithium ore, the cost of the main lithium compound has fallen by more…
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