The company is purchasing the Lac des Iles mine and mill in Quebec and all the outstanding shares of Imerys Group.

With electric cars accounting for about one in every five automobile sales last month, China’s EV market is entering a maturation phase.

Russian exporters of nickel, steel, aluminum and copper paid extra export taxes in the last five months of 2021.

The company said three weeks ago that nickel output at the smelter in Finland had been stopped due to a slag explosion.

“The mining industry needs to do a better job of utilizing innovative technologies as a way of looking to clean up environmental liabilities.”

Nickel prices touched $22,935 a tonne on Friday, the highest since 2011.

Ranking of world’s 20 best selling electric cars and their battery metals show automakers grappling with soaring raw material prices.

Indonesia has played a key role in global markets as a bulk materials supplier, but President Joko Widodo has pledged to eventually stop exports of all raw commodities to turn the country into a major manufacturing hub for electric transportation.