Lithium carbonate in China has tumbled almost 30% since touching a record in November.

Montana property contains 12 of the most essential critical minerals needed for electrification and to establish a domestic supply chain, the company says.

Agreement is for a minimum three-year term to supply up to 35,000 terapascal anode active materials beginning February 2025.

The new facility, located in Casa Grande, will initially produce 10,000 estimated tonnes of recycled material per year.

Sigma’s biggest shareholder has been exploring a potential sale of the company and gauging interest from miners and carmakers, sources say.

The US automaker has invested in several miners to improve access to battery minerals.

Russia accounted for 11% of US nickel imports in 2022.