Freyr is building its first battery cell factory in Norway.

They plan to become the second nickel producer in the United States.

The move has attracted skepticism as to whether Mexico can commercially extract its lithium.

Demand for lithium batteries in the United States is expected to grow more than six times.

Wesfarmers said the start of its lithium refinery has been pushed back to the first half of 2025.

Until late October, the US bank had been helping to finance Trafigura’s nickel trades with companies linked to Indian businessman Prateek Gupta.

The partnership would fall under the MINER program funded by the DOE via the Advanced Research Projects Agency.

Following a 45% rally in 2022, nickel has slumped 11% on the London Metal Exchange this year.