Australia, which mined about half the world’s lithium in 2022, forecasts the spot price of spodumene will fall to $2,200 per tonne in 2025.

Baseline capital expenditures are estimated at $749 million, including $44 million to be spent on additional exploration and permitting.

Hong Kong-listed CMOC produced 55,526 tons of cobalt in 2023, it said in a filing.

Last month, members of Congress wrote urging the Department of Defense to prioritize planning for seabed mining as a "new vector of competition."

The company completed 34,238 metres of drilling at the Yellowknife project last year.

Canada Nickel’s flagship project is the Crawford nickel sulphide deposit in Ontario.

Tama Atacama is one of the largest lithium brine projects in South America, covering about 1,200km2 across three Chilean salt flats.