Indonesia proposes critical minerals trade deal with US

All 16 drill holes completed on the Reid property have now intersected multi-hundred-metre intervals of nickel mineralization.

The partnership would build a hydro-metallurgical complex with an output capacity of 67,000 tonnes of nickel and 7,500 tonnes of cobalt per year.

The company will also look to collaborate with Tsingshan Group.

The lithium miner's revenue was $265 million for the three months.

The government raised its financial support to Hastings Technology Metals by A$80 million to account for higher costs.

The industry is flush with cash after last year’s record profits, while boards and managers believe they have the support of key investors after promising to avoid the reckless overspending of the last cycle.

The initial resource contains 741,000 tonnes of LCE grading 175 ml/L in the indicated category and 701,000 tonnes LCE grading 185 ml/L in inferred.

Backed by Glencore, company was viewed as a key part of the UK’s drive toward an EV manufacturing boom.

The phased project is aimed at providing renewable heat to Stellantis' Rüsselsheim manufacturing facility.