Under the agreement, Trafigura will be paid $225.6 million by nickel and goldmining subsidiaries of state-run Kuvimba Mining.

The region's import dependency on enabling metals was already high and has turned critical since Russia's invasion of Ukraine, writes Andy Home.

CATL’s shares have fallen 30% this year.

Miner renewed its nickel hedging program in 2022 to protect against huge price swings, but ended up losing out on $75 million in potential gains from the metal’s unprecedented rally.

The probe is part of a broader debate over humanitarian issues in supply chains for materials needed in clean energy technology.

The company reported first-quarter sales of 1.2 billion euros, up nearly 80% from a year earlier.

They will develop a facility known for a process called high-pressure acid leaching (HPAL), with a potential mixed hydroxide precipitate production capacity of 120,000 tonnes of nickel content per year.