China metals firms see US rules unlikely to upend supply chains
Rules for battery components should apply from 2024, while critical minerals will be covered from 2025.
Rules for battery components should apply from 2024, while critical minerals will be covered from 2025.
The company faces charges for allegedly bribing officials in Angola and has also revealed a US probe into "improper payments" in Brazil.
Nornickel will invest the money through 2030 at its research and development center that works on new products.
The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.
“The rule of the economics are going to drive the price, the rule meaning supply and demand,” said Vale CEO Bartolomeo.
Nickel production was estimated at 160,000 to 175,000 tons next year, against some 165,000 tons in 2023.
The minority centre-left government and two large opposition parties have backed the proposal, with a final vote scheduled for January.
Louis Freeh, who ran the bureau from 1993 to mid-2001, is leading Alix Partners in advising Swiss company Solway on revamping governance at the Fenix complex.
The investment comes as part of a $44 million Series B round of financing.
Deshnee Naidoo will step down from her position as CEO effective March 31.