ERG expects limited Congo cobalt hydroxide output recovery after deliberate 2025 cut

On June 3, the Yichang Municipal Bureau of Ecology and Environment issued a public notice soliciting comments on the draft environmental impact report for the 300,000-ton waste lithium iron phosphate (LFP) battery recycling project of Yichang Brunp Recycling Technology Co., Ltd. This project is an expansion, with a total investment of 1,065.5119 million yuan. Upon completion, the project will have an annual processing capacity of 300,000 tons of waste LFP battery packs, including waste LFP power battery packs, battery modules, battery cells, battery powder, electrode sheet powder, and related materials.

On June 2, 2026, Yang Dezhi, Party Secretary and Chairman of Meishan Xingmei Investment Group, led a delegation and headed to Pingshan headquarters for a field trip and exchange, and officially signed a strategic cooperation agreement with FinDreams Battery. FinDreams Battery Deputy General Manager Zhao Tong, BYD Energy Storage and New-Type Battery Division General Manager Yin Xueqin, and other leaders attended the event and witnessed the signing ceremony. In the future, both parties will accelerate the implementation of the agreement, deepening cooperation with a focus on the co-construction of heavy truck fast charging and energy replenishment networks, zero-carbon park construction, power battery support, and hard carbon anode resource development.

According to industry sources on June 5, POSCO Holdings received RIGI approval from the Argentine government for its Sal de Oro lithium project in Argentina. RIGI is a framework designed to attract large-scale investment in strategic industries such as energy, mining and technology. Once approved, companies can expect benefits such as lower corporate taxes, tariff exemptions and eased foreign exchange regulations.