The automaker joins PT Vale Indonesia and Zhejiang Huayou Cobalt as investors in a project to make an annual 120,000 tons of nickel chemicals for EV batteries.
Geothermal waters in the Rhine Valley along the French-German border have attracted investments both for renewable energy and potential lithium resources.
This is a positive development for a nascent North American rare earths market and taps into the broader issue of the glaring lack of domestic production.
The company hasn’t yet addressed issues that led to property destruction and multiple deaths after flooding reached a nearby community in March, the government said.
