One agreement relates to investment in the Morowali project in Indonesia.

The deal will likely be similar to an agreement the US signed with Japan this week.

South Africa is often seen as a test case for developing nations seeking to cut emissions and develop a greener economy.

ERS charge moving vehicles with either loops in or next to the road, or with wires suspended above vehicles, similar to trams and trains.

The new HPAL projects, and the surge of inexpensive metal from a country whose deposits have long been unloved by major producers, could push the market into oversupply.

MINING.COM’s EV Metal Index surged to just under $27 billion in 2022 thanks to surging lithium and nickel prices, but January saw a 50% month-on-month drop.