When the EU closes its EV market to China, it would open up a direct route and likely premium pricing for lithium, nickel, cobalt miners now supplying China.
According to Fitch Ratings, the financial profiles of miners will remain resilient in the short to medium term as commodity prices remain above mid-cycle levels.
Shares surged by 15% after the company announced that it is reviewing a number of strategic approaches, marking the latest sign of rampant dealmaking in the sector.