The company estimates it will take three years to permit and build the graphite manufacturing facility and on average, the plant would produce about 49,615 tonnes of anode material per year.

The UK's lithium-ion battery fleet currently has about 1.9 gigawatts of capacity and will more than quadruple by the end of the decade.

Miners operating in Europe say prospects for getting projects underway look uncertain because of a lengthy permitting framework and fervent local opposition.

China is one of the world’s major vehicle-battery production centers but seems to have lagged behind other countries in terms of handling emissions in the manufacturing process.

Oklahoma is a likely location for the new plant, although there are no guarantees an agreement will be reached, says WSJ.

Hastings Technology, which hopes to become the world’s next producer of neodymium and praseodymium concentrate used in permanent magnets, will use Wyloo’s funds to acquire a 22.1% stake in Neo Performance.

The soaring profits unveiled by Australian miners this week were a beacon of light amid the gloom dominating economic headlines.

China's output of the main battery cathode materials nearly doubled in 2021.