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Rapid growth in the energy storage sector is boosting battery-metal demand and lifting lithium prices, translating into sizable profits for producers. China majors TTANQT LITHIUM and Ganfeng Lithium recorded 1H net profits at three-year highs. US-bas

2026-08-31

Rapid growth in the energy storage sector is boosting battery-metal demand and lifting lithium prices, translating into sizable profits for producers. China majors TTANQT LITHIUM and Ganfeng Lithium recorded 1H net profits at three-year highs. US-based Albemarle said global lithium demand through May rose about 45% YoY, outpacing supply growth. Australia’s PLS Group posted AUD 526 mln (USD 377 mln) profit for the 12 months to June 30, versus a loss a year earlier, and expects a supply shortfall and firm lithium prices in the coming months.

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2026-08-31

Iranian media cited the Islamic Revolutionary Guard Corps as saying it fired ballistic missiles at two US bases in Jordan in response to a US strike on Larak Island.

Iranian media cited the Islamic Revolutionary Guard Corps as saying it fired ballistic missiles at two US bases in Jordan in response to a US strike on Larak Island.
2026-08-31

MOFCOM and six other ministries issued implementation opinions to expand goods consumption, instructing deeper auto circulation and consumption reform pilots and faster removal of unreasonable restrictions in the auto circulation and consumption sect

MOFCOM and six other ministries issued implementation opinions to expand goods consumption, instructing deeper auto circulation and consumption reform pilots and faster removal of unreasonable restrictions in the auto circulation and consumption sector. The plan calls for innovating vehicle-use management and expanding auto consumption across the full chain, and urges relevant regions to optimize purchase-restriction measures to better meet household car demand. It seeks to scale up the auto aftermarket and supports vehicle modification, maintenance, motorsport and RV/camping, and to establish a recognition and management system for classic vehicles. The document requires improved inter-agency information sharing and a lifecycle data-exchange system covering sales, registration, maintenance, insurance and scrapping. It also calls for stronger used-car circulation rules, mutual recognition of standardized used-car sales invoices and tiered, classified oversight of used-car operators.
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