Lynas Rare Earths gets $14m Australian govt grant to develop project

The Araguaia project will initially produce up to 14,500 tonnes of nickel per year.

The Australian company has been unable to get federal permits because public lands near the site are home to the endangered wildflower Tiehm’s buckwheat.

Globally, the industry will need as much as $42 billion of investment by the end of the decade in order to meet demand, according to Benchmark Mineral Intelligence.

The world's largest lithium producer is evaluating just how it can partner, invest and develop a battery recycling business.

Second-quarter lithium sales nearly tripled due to rising prices of the electric vehicle battery metal.

e miner said it has the second largest nickel sulphide resource base globally, based on its land holding in the Agnew-Wiluna belt in Western Australia.

The Mt Weld mine has deposits of rare earths elements neodymium and praseodymium, which are in high demand for making magnets used in electric vehicles and wind energy generation.

The bill is a potential boon to many sectors of the green economy, including electric vehicles.

Both companies had announced the broad brushstrokes of the deal last week.