French government flags fresh funds for nickel rescue

The mine, which will supply General Motors, is a key part of US President Biden's efforts to reduce dependence on Chinese lithium.

The project will be Australia's third rare earths processing plant after Lynas' Kalgoorlie operations and Iluka Resource's Eneabba heavy rare earths plant.

The first auction is planned for March 26.

UBS and Goldman Sachs have trimmed their 2024 supply estimates by 33% and 26%, respectively.

The Responsible Use of Seafloor Resources Act was introduced on Tuesday.

The policy drew investments of billions of dollars from smelting firms, most of them Chinese, and boosted Indonesia's exports.

The LME said that low carbon nickel could already be traded on its partner MetalsHub's system.

Syrah's largest shareholder AustralianSuper will fund the projects.

Funds will be used for the expansion of its flagship Kathleen Valley lithium project.