India in February found its first lithium deposits in Jammu and Kashmir with estimated reserves of 5.9 million tonnes.

Prices have plummeted due to an upsurge of supplies from Congo.

The plant, set to start production in 2026, aims to produce 50,000 metric tonnes LFP cathode materials annually.

China’s key role in the processing of raw minerals means it will remain a key partner, says Jose Fernandez, the US under secretary for economic growth and the environment.

The country's mining exports totaled $3.8 billion in 2022, according to official data.

The MOU lays the groundwork for FPX and PPES to collaborate on vertically integrated nickel production through the Baptiste project.