[Lithium Battery: Brunp Recycling Invests Over 1 Billion Yuan In Waste LFP Battery Recycling Project]

On June 10, IGO Limited announced that a fire occurred on June 9 at Chemical Grade Plant 3 (CGP3) at the Greenbushes lithium operation. The fire has been extinguished and no injuries were reported. Talison Lithium has commenced a full investigation into the cause of the incident and the extent of the damage. The company will also assess the potential impact and required repairs. According to IGO, operations at Chemical Grade Plant 1 (CGP1) and Chemical Grade Plant 2 (CGP2) remain unaffected. Greenbushes production is still on track to meet IGO’s FY2026 spodumene concentrate guidance of 1.375–1.425 million tonnes. Greenbushes is one of the world’s most important low-cost sources of spodumene concentrate, while CGP3 is an important part of the mine’s incremental chemical-grade concentrate capacity. As CGP1 and CGP2 remain unaffected and IGO has not revised its FY2026 production guidance, the short-term impact on actual global spodumene supply is expected to be limited. However, the extent of the damage, the repair timeline and the recovery schedule for CGP3 should be monitored closely. If the incident materially delays the ramp-up of CGP3, it could affect the pace of Greenbushes’ future supply growth and marginal

[Chile's Lithium Carbonate Exports in May 2026 at 19,100 mt, Lithium Sulfate Exports at 14,200 mt] According to Chile customs export data, in May 2026, Chile's total lithium carbonate exports were 19,100 mt, down 35.2% MoM and up 35.30% YoY. Of this, exports to China were 13,601 mt, down 40.75% MoM and up 40.87% YoY; exports to South Korea were 3,392 mt, down 2.77% MoM and up 27.34% YoY; and exports to Japan were 492 mt, down 57.56% MoM and up 42.04% YoY. In May 2026, Chile's total lithium sulfate exports to China were 14,200 mt, up 17.41% MoM and up 45.97% YoY.

On the evening of June 8, Zhejiang Yongtai Technology Co., Ltd. issued an announcement stating that its wholly-owned subsidiary, Zhejiang Yongtai New Energy Materials Co., Ltd., recently signed an "Electrolyte Cooperation Agreement" with Contemporary Amperex Technology Co., Limited (CATL). According to the agreement, subject to Yongtai New Energy's product quality being stable and its raw material prices being competitive compared to other suppliers within CATL's supplier system, CATL plans to purchase electrolyte from Yongtai New Energy in quantities of 70,000 tons, 150,000 tons, and 250,000 tons for the years 2026, 2027, and 2028, respectively. The total estimated procurement volume over the three years is 470,000 tons.