Analysts at Wood Mackenzie estimate an additional 360 million tonnes of aluminum, 90 million tonnes of copper and 30 million tonnes of nickel will be needed over the next 20 years.

The project is on schedule for commissioning in the fourth quarter of 2022.

A strong price environment had seen miners look at the economics of reopening mothballed operations, one consultancy says.

Demand for greener energy has put companies with uranium and base metal projects under the spotlight.

To power up e-car batteries and for energy storage alone, the EU estimates it will need up to 18 times more lithium by 2030 and up to 60 times more by 2050.

SES Holdings has agreed to go public by merging with Ivanhoe Capital in a deal that will value the combined company at about $3.6 billion.

Demand for technology metals is accelerating ahead of the supply curve.

Country is considering longer-term measures to grab a bigger slice of mining companies’ profits once a temporary export tax finishes at the end of this year.