The Toronto-based firm has royalties on projects in countries including Canada, Australia and the US.

The US is already sharing information with countries seeking foreign funding for mining projects and allied governments, foreign mining companies and financial institutions that can help kick-start projects.

The “Qilin” battery has a range of more than 1,000 kilometers on one charge, energy density of up to 255 watt-hours per kilogram, and is safer and more durable than existing cells, according to CATL.

Carmaker will invest $52 million to buy a 8% stake in miner Vulcan Energy Resources.

No bottom in sight for lithium stocks even as Pilbara Minerals concentrate auction sets new record price above $7,000 a tonne.