Northvolt will rival the likes of Tesla and Asian battery makers such as Panasonic, LG Chem and CATL.

Chinese battery materials producer said it would buy over a five-year period as part of a broad strategic cooperation agreement.

A host of new players are developing new extraction techniques, which could upend primary supply of lithium, says Fitch.

Rio will engage in a public dialogue about the project, which has stirred protests by environmental groups.

There have been no factors that would trigger a significant declines in prices, with port congestion continuing and major users sticking to output plans, , according to Marubeni Corp.

Melbourne-based company will supply Elon Musk’s company with graphite anode material for an initial four years