India’s NMDC looking at lithium assets in Africa and Australia

Any increase in cobalt holdings would be aimed at reducing reliance on China, which dominates the processing of the material.

The lithium supply chain is maturing but the metal's pricing seems trapped at the early development stage.

In 2023, Indonesia produced 193.5 million tonnes of nickel ore.

In October, Li-Cyle paused the construction of its flagship battery recycling facility and later said it was evaluating financing and strategic alternatives.

South Africa has abundant supplies of raw materials vital for the manufacture of lithium-ion batteries.

The first drawdown will be for C$2.75 million, and is expected to close within the next two weeks.

PT Vale Indonesia is exploring a potential investment in a high-pressure acid leaching plant in Sulawesi island.

The decision follows its acquisition of the Lake Johnston nickel concentrator plant and tenure from Poseidon Nickel.

BHP has stood down around a quarter of the workers constructing its West Musgrave nickel and copper project in Western Australia.