Mitsubishi Corp looks to invest in nickel, lithium projects
Canada and Australia could be investment targets for nickel, according to the group CEO.
Canada and Australia could be investment targets for nickel, according to the group CEO.
One of the plan's aims is also to promote decentralization.
The company will build and operate the direct lithium extraction plant, set to begin operations in the third quarter of 2023.
The Texas-based company is developing a more efficient method to extract lithium from salt flats.
It has partnered with waste management services provider FCC Ámbito and Spanish energy firm Iberdrola to offer battery recycling services.
Production is expected to slowly ramp up in coming months and hit an annual production rate of 270,000 tonnes of spodumene concentrate by July.
Peru expects to produce 2.8 million tonnes of copper in 2023, versus 2.44 million tonnes last year.
The Japanese company will also enter discussions with a major overseas resource developer, the newspaper reported.
Some lithium producers in Yichun in Jiangxi province, including two major ones, have reduced processing rates to stem losses.
BHP's Xplor accelerator program is currently supporting seven copper and nickel projects for the six months to June.