The world's second largest copper producer, Peru has a lithium exploration project in the region of Puno, on the border with Bolivia.

Across the world, nationalizing oil industries in particular has proved attractive as a means of cashing in on valuable raw materials and boosting development.

Nobian will contribute 161 million euros in cash as equity to fund capital expenses.

Chinese lithium carbonate ticked up 1.2% Wednesday, the first gain this year.

The company's 2023-2025 investment plan totals $3.4 billion, of which $1.4 billion was aimed at increasing lithium production in Chile.

Chile’s government is encouraging green hydrogen investment to harness the nation’s abundant solar and wind resources.

Mexico's proposed mining reforms could affect Canadian investment in Mexico's mining sector, Mary Ng said.

The company expects spodumene FOB cost to be between A$1,200 and A$1,250 per tonne for fiscal 2023.