Its flagship copper-gold project has been put on hold since November 2020 after a civil war broke out in the Tigray Region.

Created by government decree in December 2019, EGC was granted a monopoly on artisanal cobalt produced in the country.

The facility would have an annual capacity of 1,000 tonnes of lithium metal.

Powered by Tesla’s own made-in-Texas batteries, the stainless steel Cybertruck carries a heavy load of nickel, cobalt, manganese, graphite and lithium.

Russia has faced a shortage of dollars and euros as it’s increasingly shut out of the western financial system.

There are now 2.34 billion tonnes of material grading 3,196 parts per million total rare earth oxides.

Tsingshan Group's nickel output rose 27% in 2023 to a record 1.12 million metric tons nickel unit.

CMOC last year became the world's No. 1 cobalt mining company with production of some 55,000 tons.

The company is talking to a range of financing partners to raise money for a restart of its Konkola Copper Mines unit.