Congo hasn’t been adequately compensated for the copper and cobalt reserves it contributed to the venture, the General Inspectorate of Finance said.

Higher prices and more government support will be needed to ease the next copper shortfall, according to the bank.

The US automaker has invested in several miners to improve access to battery minerals.

The company was China's top copper trader by import volumes.

Company received offers for a minority stake in the business comprising nickel and copper production.

Russia accounted for 11% of US nickel imports in 2022.

Several intersections highlighted grades well above that contained in the McIlvenna Bay reserve estimate.