en.Wedoany.com Reported - Australian mining company Mineral Resources (MinRes) announced on May 26 that it, together with joint venture partner Ganfeng Lithium, has made a final investment decision on the Mt Marion lithium project to construct a flotation plant and develop underground mining. The total capital investment for the project on a 100% basis is estimated at USD 490 million, with funding allocated across the 2027 and 2028 fiscal years. This includes USD 240 million for the flotation plant, USD 220 million for upfront underground production development, and USD 30 million for non-processing infrastructure. Based on the current spot price of lithium spodumene concentrate at approximately USD 2,700 per tonne SC6, the project's payback period is expected to be less than one year.
Dongfeng Motor Co., Ltd. has filed a recall plan with the State Administration for Market Regulation, effective from May 25, 2026, recalling certain model year 2025-2026 N7 and N6 vehicles. The recall, numbered S2026M0058V, involves 49,465 N7 vehicles produced between March 28, 2025, and March 11, 2026, and 18,800 N6 vehicles produced between October 21, 2025, and March 18, 2026, totaling approximately 68,000 vehicles. Dongfeng Motor will carry out the relevant work in accordance with the Regulations on the Management of Defective Automobile Product Recalls and its implementation measures.
The China Association of Automobile Manufacturers has issued a statement regarding the EU's Industrial Accelerator Act. The statement points out that China's automotive industry has always adhered to open cooperation and fair competition, strictly abided by international economic and trade rules, and continuously contributed to the green, electric, and intelligent development of the global automotive industry. Any artificial restrictions and unilateral suppression measures run counter to the general trend of industrial development. The association calls on the European side to prudently assess the impact of relevant clauses on China-EU industrial cooperation, comply with WTO rules, and avoid intervening in fair competition through protectionist measures. The China Association of Automobile Manufacturers will resolutely safeguard the legitimate interests of the industry, continue to monitor the legislative progress of the Act, and support and assist member enterprises in actively responding.
Deepal Automobile announced on May 22 that it has become a global partner of the Portuguese national football team, marking the brand's accelerated entry into the European market. In Lisbon, the capital of Portugal, Deepal delivered the Deepal S05 to the team and simultaneously commenced a 1,000km European long-distance test drive. As a new energy sub-brand under Changan Automobile, Deepal has surpassed 800,000 global deliveries under the "Vast Ocean" plan.
Yahua Group stated during an investor survey that the company has now established a diversified channel layout combining self-controlled mines and purchased mines, building a stable lithium resource guarantee system. Regarding self-controlled mines, the first and second phase projects of the Kamativi lithium mine in Zimbabwe were fully completed in 2024, currently achieving an annual raw ore processing capacity of 2.3 million tonnes, with products gradually being shipped back to China; meanwhile, it has obtained priority supply rights through its equity participation in the Lijiagou lithium mine in Sichuan. For purchased mines, the company has secured lithium ore offtake rights through long-term agreements and other means from resources such as Pilbara in Australia, DMC in Africa, Atlas in Brazil, and MGLIT in Brazil. The aforementioned lithium resources can meet the production needs of the company's lithium salt capacity.
Yahua Group also revealed that its current lithium spodumene concentrate inventory can guarantee the production needs of its domestic products. The Kamativi mine in Zimbabwe maintained normal production during the ban period, with lithium ore output unaffected. After obtaining the export quota for lithium spodumene concentrate from Zimbabwe, the company has completed new lithium ore export procedures and initiated shipments, with subsequent lithium ore to be transported back in batches.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
