The EU Critical Raw Materials Act is designed to guarantee a supply of lithium, copper and other minerals for green technologies.

Hedge funds have increased their positions in the futures market amid relatively strong demand in the US.

The outlook for rare earths is concerning, with the region unlikely to meet 2030 extraction or processing targets across the entirety of the value chain, Adamas Intelligence warns.

The project, called Electro Mobility Materials Europe (EMME), aims to cover 20-30% of France's nickel and cobalt needs for electric vehicles by 2030.

Anglo American stated that the new offer was "highly unattractive" for its shareholders.

Demand for the metal in autocatalyst is expected to rise about 2% for the whole year.

Average prices are expected to fall this year compared with 2023 despite another year of structural deficit.