The plant, located at Insheim, is capable of producing a maximum of 4.8 megawatts of renewable power.

MP will develop a 200,000 sqft. greenfield metal, alloy and NdFeB magnet manufacturing facility in Fort Worth.

In the past two weeks, two other Chinese companies have both announced plans to produce 40,000 tonnes per year of matte in Indonesia.

Production over life of mine (LOM) would reach 245.4 million tonnes, averaging 1,093 ppm Li.

The binding purchase agreement with Volkswagen for lithium extracted from Germany's Upper Rhine Valley region has an initial term of five years.

Spending was A$877 million ($618 million) in the three months to Sept. 30, up from A$666 million in the June quarter.

The ore that contains sufficient valuable mineral to be treated by milling process is what ends up going into the processing plant compared to run of mine ore production.