On Friday, Graphjet’s ordinary shares started trading on the Nasdaq.

Despite a new uranium ban being discussed in Congress, the US is still heavily dependent on Russian uranium.

If extended to value-added Chilean lithium, the subsidies will make it more attractive for US companies to invest in the country, said Economy Minister Nicolas Grau.

The company is seeking to vacate the EPA veto of its mine development at Pebble.

That potential bid, though, is dependent on the current Nippon-US Steel tie-up falling apart.

"We don't want to be overly reliant on any one country or any one company for global supply chains," says US Deputy Treasury Secretary Wally Adeyemo.

The mine, which will supply General Motors, is a key part of US President Biden's efforts to reduce dependence on Chinese lithium.