In 2019, the electric carmaker acquired Canada-based Hibar, which manufactures pumps used in fast-speed battery assembly that Tesla is introducing for its new 4680 cells.
Ghana saw its output slump 14% in 2020 after coronavirus-related restrictions slowed operations and a tax on the exports of small-scale producers was introduced.
A British magnet factory could be built by 2024 and eventually produce 2,000 tonnes a year of rare earth magnets, enough to supply about 1 million EVs.