The company’s 20-year-old presence in the stock draws to a close, as part of a plan to simplify its corporate structure.
Global EV sales were on track to hit 6.3 million units in 2021—nearly double the total of 2020.
The decision shows the administration is increasingly comfortable prioritizing domestic conservation efforts, even as demand for minerals used to build electric vehicles rises amid efforts to combat climate change.
The companies have partnered up to extract cobalt, lithium carbonate and nickel hydroxide from recycled battery materials.
Looking back on what gave investors strong returns in 2021, it was the year of industrial and energy metals.
The company says the plant, which it will purchase for C$5.5 million, will significantly reduce the cost of developing its NICO cobalt-gold-bismuth-copper project.
Shares in MMC Norilsk Nickel PJSC, Russia’s largest miner, declining almost 5.9% in Moscow on Monday.
The Chinese miner has launched its first lithium exploration project in a joint venture with DRC-owned firm Cominiere.
Chinese lithium hydroxide prices experienced a double-digit percentage growth for two weeks in a row amid tight supply and strength from China’s lithium carbonate market.