[SMM Flash] Albemarle Completes Wodgina Spodumene Concentrate Auction at US$2,307/dmt CIF China

【Argentina's Mining Exports Hit Record USD 4.74 Billion in H1 2026, Lithium Accounts for Nearly One Quarter】Argentina's mining exports reached a record USD 4.742 billion in the first half of 2026, up nearly 75% year on year and accounting for approximately 10% of the country's total exports. Gold accounted for 61% of mining exports, while lithium represented nearly one quarter, making it the second-largest mineral export. Argentina's lithium export volumes increased by approximately 68% year on year in H1 2026. The country currently has seven lithium projects in operation and five under construction, with two additional projects at the feasibility stage.

【Huayou Cobalt Issues RMB 1 Billion Green Sci-Tech Innovation Bond for Battery Recycling and Lithium Salt Procurement】Huayou Cobalt announced that it has completed the issuance of its 11th green sci-tech innovation bond for 2026, “26 Huayou Cobalt GN011,” with an issuance size of RMB 1 billion, a two-year maturity and a coupon rate of 2.20%. The proceeds will be used to replace expenditures incurred by subsidiaries within the previous three months for the recycling of waste power batteries and their dismantled materials, as well as raw material purchases for battery-grade lithium salt manufacturing.

【Tengyuan Cobalt Plans to Redirect RMB 949 Million of IPO Proceeds to DRC Lufupa Hydropower Project】Tengyuan Cobalt's 2026 first extraordinary general meeting approved a proposal to change part of its IPO-funded projects. The company plans to reduce the planned capacity of its ternary precursor project from 80,000 mt/year to 20,000 mt/year, releasing RMB 948.75 million in proceeds, equivalent to 18.23% of its net IPO proceeds. The funds will be redirected to the Lufupa hydropower project in the Democratic Republic of the Congo, which will be implemented by its wholly owned subsidiary.