Deal is to negotiate the supply of rare earth concentrate from Hasting’s Yangibana project in Western Australia.

The global lithium-ion battery market was valued at $52 billion in 2022 and is expected to reach $194 billion in 2030.

Goldman Sachs is forecasting softness for battery metals including cobalt, lithium and nickel in the second half of 2023 amid an oversupply.

The European Commission wants to speed up the development of new mines like Per Geijer to end its dependence.

Tesla Superchargers account for about 60% of the total fast chargers in the US and Canada.

The country’s energy ministry plans to submit to parliament in the next two weeks a proposal to open an area close to Svalbard to applications for exploration and extraction.

The Sydney-based miner has been working towards developing nickel for batteries.