Rapidly rising energy demand spurred by the ongoing electrification of building and transport industries requires that Australia grows its energy storage capacity at least 10-fold by 2050.
Industry executives are calling for a national strategy to speed that development by fast-tracking mine permitting.
The proposal would sharply reduce the length of mining concessions to 15 from 50 years.
The deal will likely be similar to an agreement the US signed with Japan this week.
For about 40 years, car companies, startups and DIY enthusiasts have been pursuing the plug-less electric car.
South Africa is often seen as a test case for developing nations seeking to cut emissions and develop a greener economy.
The new HPAL projects, and the surge of inexpensive metal from a country whose deposits have long been unloved by major producers, could push the market into oversupply.
Clayton Valley holdings adjoin and surround on three sides the Silver Peak lithium brine mine operated by Albemarle.
Ford confirmed last month that it will tap technology from CATL for a $3.5 billion plant it’s building in Michigan.
Liontown Resources rejected a non-binding indicative proposal of A$2.50 per share.