"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.

The first auction is planned for March 26.

The Responsible Use of Seafloor Resources Act was introduced on Tuesday.

Syrah's largest shareholder AustralianSuper will fund the projects.

Spot bullion whipsawed as traders digested the data print, before trading down 1% at $2,161.14 an ounce.

Glencore plans to develop a recycling hub in Europe with Canada’s  Li-Cycle Holdings.

Alumina owns about 40% of of Alcoa World Alumina & Chemicals, the world’s largest producer of the metal.