More than $13 billion of investment in battery raw material production and battery and EV manufacturing has been announced in the less than three months since Biden signed the IRA into law.

Imerys announced in late October a plan to produce around 34,000 tonnes of lithium hydroxide annually for at least 25 years from 2028.

Lithium has become super-expensive this year as car and battery manufacturers scour the planet for scarce supplies.

China's commerce ministry urged Canada to stop politicizing economic and trade issues.

Mining stocks in monster rally as copper price surges 8% and gold price climbs nearly $50 an ounce.

The Financial Times recently reported that Tesla had held talks on taking a 10-20% stake in Glencore, but the discussions ended with no deal reached.

The Canadian government ordered Chinese companies to divest their holdings in junior mining companies planning to develop lithium deposits.