The $7 billion in financing would be part of a renegotiated minerals-for-infrastructure deal.

The 6% profit drop is the smallest since it first reported a fall in profit in the third quarter of last year.

The two countries are in discussions over investments in sustainable mining and energy transition, as stated by the Brazilian Minister of Mines and Energy.

The company has also hired BMO Capital markets to sell some of its smaller mines such as Las Cruces in Spain.

In the past twelve months, the company has experienced the departure of five top executives.

Northvolt currently sources cobalt from Australia and other countries.

Ministro Hales suffered a pit wall collapse at the end of 2021, a situation that's still impacting the mine's operations.