Gates, Bezos-backed KoBold Metals to build copper mine in Zambia within 10 years

Net loss after tax widened to A$31 million in the six-month period ended Dec. 31, from A$6.9 million a year earlier.

The ruling involves the Los Patos River-Salar del Hombre Muerto area, where global lithium giant Arcadium Lithium has a project.

Under the revised deal, both parties have agreed that China will invest up to $7 billion in infrastructure projects in Congo.

"We don't want to be overly reliant on any one country or any one company for global supply chains," says US Deputy Treasury Secretary Wally Adeyemo.

Ambassador Cong Peiwu said the Canadian government is “wrong” to prevent Chinese investors from buying majority stakes in domestic mining companies, like it did in 2022.

Pilbara will deliver 20,000 tonnes of the mineral to Sichuan Yahua from its Pilgangoora operation this year and 100,000 tonnes annually in 2025 and 2026.

The mine, which will supply General Motors, is a key part of US President Biden's efforts to reduce dependence on Chinese lithium.

The project will be Australia's third rare earths processing plant after Lynas' Kalgoorlie operations and Iluka Resource's Eneabba heavy rare earths plant.

The first auction is planned for March 26.