The Indonesia Battery Corporation plans to produce 50,000 battery packs for two-wheelers next year.

Chinese firms have been involved in 89 announced acquisitions and investments in Canadian metals and mining companies in the past decade, according to Bloomberg data.

GM is investing $35 billion to make its lineup fully electric by 2035, while Ford is plowing $50 billion.

The 10-year debt facility will go toward expanding mining and processing at the Pilgangoora project.

Canadian government ordered three Chinese companies to divest from Canadian companies involved in critical minerals exploration based on national security concerns.

The government plans to start collecting half of the royalties from gold, diamonds, platinum group metals, and lithium.

Imerys announced in late October a plan to produce around 34,000 tonnes of lithium hydroxide annually for at least 25 years from 2028.

Lithium has become super-expensive this year as car and battery manufacturers scour the planet for scarce supplies.