The project has been over a decade in the making and is said to boast world’s largest undeveloped copper-gold deposits.

President Joko Widodo flew to China last week with his EV dreams high on the agenda.

Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves.

Saudi Arabia is seeking to take minority stakes in global mining assets that will over time help provide access to supplies of strategic minerals.

Ma'aden, has agreed to acquire a 10% stake in Vale Base Metals, as part of a strategy to invest in global mining assets.

The London Metal Exchange is coming under renewed pressure to exclude Russian aluminum from its warehouse system.

The bill has to be approved by parliament’s upper house and India’s president before it becomes a law.

Vale Base Metals is expected to invest $25-30 billion in new projects across Brazil, Canada and Indonesia over the next decade.