Automakers argue they need more leeway on the rules because it’s currently impossible to produce EV batteries without inputs that have at least some Chinese ownership, while US materials producers contend the domestic supply chain won’t succeed if China’s playing a role.

The move comes as the EU tries to re-shore clean technology from the US and China to meet its climate goals amid growing geopolitical tensions.

The nickel-cobalt mixed hydroxide precipitate product was produced using Electra’s proprietary hydrometallurgical process.

The funding will help the company to accelerate its Feasibility Study covering its Graphite Creek project in Alaska.

The move will give the Swiss giant a direct ownership of NorthMet, poised to be Minnesota’s first copper-nickel mine.

Just four companies have received the money available through the Bipartisan Infrastructure Law and the Inflation Reduction Act.

Thailand has set a target for 30% of its car production to be clean vehicles by 2030.