Atlas Lithium doubles exploration footprint in Brazil

The Andean nation is the world's second-largest lithium producer.

To access the higher quota, Albemarle would need to prove the use of sustainable technology such as DLE, among other things.

In January, AustralianSuper said it would double its lithium exposure in the next five years.

The key to social acceptance was active engagement with local communities and pro-active communicating, said CEO of EIT RawMaterials.

The Indian mines ministry is also encouraging other state-owned companies to scout for critical minerals overseas.

The EU Critical Raw Materials Act is designed to guarantee a supply of lithium, copper and other minerals for green technologies.

Production at the new plant was expected to begin around the end of 2025, representing a $290 million investment.

The tariff rate on natural graphite and permanent magnets will increase from zero to 25% in 2026.

Australian-based Atlantic Lithium has taken a step toward raising capital from equity investors in the country.