West Raglan covers just under 84,000 hectares and is 70 km west of Glencore’s Raglan mine, the biggest nickel producer in Quebec.

Vale has pledged up to $6 billion to cut Scope 1 and Scope 2 carbon emissions by 33% by 2030.

Eramet is struggling to attract investment from its home region to process its overseas nickel, lithium and cobalt reserves into battery materials.

The offer represents a 22.1% premium over CATL's previous bid of C$377 million.

Canada is the only Western nation that has an abundance of cobalt, graphite, lithium, and nickel, essential to creating the batteries and EVs of the future.

Ramu NiCo Management suspended operations on Friday and hopes to resume normal operation in early November.