Horizonte Minerals receives mining approval for Araguaia nickel project

SK On will also explore additional business opportunities in the battery value chain, such as mining minerals.

Peru currently produces no lithium and no country in Latin America produces lithium batteries at a commercial scale even if they do mine lithium.

Construction of the project will take up to three years, CATL said.

Foran has had a busy year as it advances the McIlvenna Bay copper-zinc-gold project in Saskatchewan, which it says will be the world’s first zero-carbon operation.

Lithium consumption needed “to surge way above anything that’s planned to be mined,” says minerals chief Sinead Kaufman.

Units of Argentina's state oil firm YPF will start work on a 20,000 hectare area lithium prospecting project in Fiambala.

Merger with Acquisition Corp II will give it access to up to $285 million for the development of its Elk Creek project in southeastern Nebraska.

The venture - between Umicore and Volkswagen's battery unit PowerCo - also plan to collaborate on recycling metals from battery materials.

In a joint statement, the two countries said they agreed to deepen their "strategic partnership on supply chain resiliency".