China is one of the world’s major vehicle-battery production centers but seems to have lagged behind other countries in terms of handling emissions in the manufacturing process.
Hastings Technology, which hopes to become the world’s next producer of neodymium and praseodymium concentrate used in permanent magnets, will use Wyloo’s funds to acquire a 22.1% stake in Neo Performance.
Lopez Obrador vowed to keep lithium resources in the state's hands after suffering a blow earlier this year with the rejection of an electricity reform proposal.