RANKED: Top 20 automakers by EV battery metal spending
Value of the graphite, lithium, nickel, cobalt and magnesium contained in EV batteries is up 38% from the lows struck in January.
Diversified miner Vedanta is investing up to $800 million in a zinc smelter in South Africa, the head of its zinc unit Deshnee Naidoo said at an investment summit in Johannesburg on Friday.
Andile Sangqu, executive head of Anglo American South Africa, added at the same summit that his firm would invest 71.5 billion rand ($4.88 billion) in South Africa over the next five years.
($1 = 14.6400 rand)
(By Ed Stoddard and Alexander Winning; Editing by James Macharia)
