The Asian country controls a third of the $46 billion market for electric vehicle batteries.

The facility in Rochester will be built to process 35,000 tonnes annually of waste, 40% larger than initially expected.

COP26 sets the tone for 2022 as the energy transition opens the door to unprecedented metals demand.

Rising adoption of battery-powered transport and the further development of vehicle-to-grid, or V2G, systems -- which allow the two-way flow of electricity -- could offer a potentially better option to store renewable energy.

USA Rare Earth said it wants to develop the Round Top project to support a domestic mine-to-magnet supply chain.

It is expected that leading global investors focused on ESG & sustainability will comprise the majority of the investors in the offering, the company says.