California Republican congressman Ken Calvert said America must be "clear-eyed about the Chinese and Russian aggression when it comes to consolidating critical mineral resources.”
Electra, Avalon and Snowlake will supply LG with 7,000 tonnes of cobalt sulfate, 55,000 tonnes of lithium hydroxide and 200,000 tonnes of lithium hydroxide respectively.
The initiative, launched in June, is designed to funnel investment toward developing countries with mining projects that adhere to stricter environmental, social and governance standards.