Eramet is in talks for an ore supply agreement to a high-pressure acid leach plant run by the Chinese firm.

Some of the country's largest mining companies are copper producers, which means any foreign investment involving those miners would face intense scrutiny.

The Vancouver-based miner is exploring and developing the largest mineral land holdings in the area, which adjoin and surround Albemarle's Silver Peak mine.

The government in February 2023 found its first lithium deposits in Jammu and Kashmir with estimated reserves of 5.9 million metric tons.

Eramet aims to start production at its new Centenario lithium plant in Argentina before the end of the year.

The companies will develop the Gonneville PGE-nickel-copper-cobalt project in Western Australia.

The German chemicals giant withdrew from initial talks with Vancouver's Wealth Minerals on Tuesday.