The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.

Mercedes-Benz and Stellantis are currently in discussions with Serbia’s government to invest in the country.

Mines in the US go from discovery to production on an average of 29 years.

The financing will cover mining and production at Uley mine in Australia.

The carmakers are willing to follow Rio Tinto Group’s investment in the proposed Jadar mine.

According to Bain & Company, lithium-ion batteries will remain dominant for the foreseeable future.

Mining industry legends discuss the backstories on their multibillion-dollar successes.

Peak Energy received $55 million in funding to scale up production of sodium-ion batteries that the company is positioning as an alternative to the widely used lithium-ion technology.