The Biden administration is awarding $2.8 billion in grants to boost US production of electric vehicle batteries and the minerals used to build them.

Talon has been selected as a recipient of the first set of projects funded by US President Biden's Bipartisan Infrastructure Law to expand domestic manufacturing of batteries for electric vehicles.

New restrictions on battery sourcing and critical minerals, along with price caps and income caps, take effect on Jan. 1.

Albemarle and Piedmont are among the 20 manufacturing and processing companies winning US Energy Department grants.

The global nickel market is expected to remain in deficit for a third straight year in 2023 on solid demand for battery, chip-making equipment and oil-well tubular.

India's EV market is expected to reach more than $150 billion by the end of the decade.

By 2030, the Seoul-based steel giant forecasts it will have a production capacity of around 605,000 tons for cathode-active materials.

Germany wants to expand investment in Mongolia to help secure strategically important raw materials including copper and rare earths, according to Chancellor Olaf Scholz.