The giant copper pit Chile is betting its future on

The 36-month agreement will start on May 1, 2025.

Chilean conglomerate CAP, which has invested $80 million in the company's Penco project, will become a new shareholder.

The past year has been torrid for lithium, as a global slowdown in the pace of EV adoption left the market saddled with a glut.

Nigeria has lifted a ban on mining exploration in the northwestern state after a five-year suspension.