Aneka Tambang, Indonesia Battery Corporation and a consortium led by LG are building the facility as part of a $9.8 billion “grand package” to build battery production onshore.

A successful move into the DLE sector would likely cement Albemarle's dominance in the fast-growing industry.

DSO, which is a relatively unprocessed ore and is easier to produce, is expected to provide an early source of revenue for the company.

The foreign ministry would agree on a UK-Zambia Green Growth Compact, aimed at generating £2.5 billion pounds of British private sector investment.

Agreement will provide Graphex with a diverse supply of raw materials in line with its plans to bring domestic processing facilities online to supply automakers and battery gigafactories.

The company posted net income for the second quarter ended June 30 of $650 million, or $5.52 per share.

The shipment totaled 25,000 tonnes of spodumene concentrate to be sold into the global spot market via a major trading company.

The company is testing whether it’s feasible to extract minerals from the large amounts of dirty water generated by drilling in the Permian Basin.