Net loss for the six months ended June 30 was $171.9 million, compared with a profit of $11.5 million a year earlier.

The Australian rare earths producer reported net profit of A$80.0 million for the year, up from A$53.1 million a year ago.

The main goal of this challenge is to find out the process and/or technology to turn this waste into valuable raw materials.

The news comes as China threatens to curb exports to the United States.

Consultancy Roskill estimates most new greenfield nickel projects would need prices at $22,000 a tonne or above.

The country looks to be the petri dish of whether renewable energies such as solar and wind can genuinely replace fossil fuel generation.

The JV's objective is to explore for commercially mineable manganese at the Horseshoe South mine.

Australia produced an all-time high of 10.3 million oz. in the most recent fiscal year.