Australia’s Renascor Resources has confirmed it has raised AUD 15 million ($11.6 million) to fund its Siviour battery anode material project up to the construction phase. The project will be the world’s first integrated mine and purified spherical graphite operation outside of China.
Rather than helping electric vehicle take-up by driving down costs to parity with traditional engines, the low price of nickel at the moment is deterring investors and could cause a supply shortage that holds back electromobility in a few years’ time.
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