Surging supplies of cobalt from Indonesia and Africa are forecast to outpace demand from EVs.

The resurrection of the former Ford plant represents the grand industrial ambitions of President Luiz Inácio Lula da Silva.

The graphite producer also said it was targeting readiness for a final investment decision on the expansion of the vertically integrated Vidalia facility's production capacity.

Data from the US Geological Survey suggests global copper reserves will fall short by 80%, global nickel reserves by 90%, and cobalt by around 96%.

The US is 100% reliant on imports for at least 12 key minerals deemed critical by the government.

Cobalt prices are down more than 50% from October, due to weak demand and growing supplies from Indonesia.

Three key stories have characterized the first half of the year.