The Shanshan factory would create more than 1,000 new jobs when in full-scale operation. The next step is to prepare an environmental impact assessment.
Other companies assessing the feasibility of establishing a cathode material plant in the GigaVaasa industrial zone include Finnish Minerals Group and Freyr Battery AS.
Addressing the first summit between the EU and the five countries of Central Asia in Samarkand, Kazakh President Kassym-Jomart Tokayev said that amid rapid geopolitical changes and global challenges, the expansion of interregional cooperation gains ground and strategic relevance.
China is imposing an additional 34% tariff on all US products in response to Donald Trump's measures, news agencies report. Beijing has also announced that it will seek redress at the World Trade Organisation (WTO).
The number of Russian billionaires has reached a new all-time high, and so has their combined wealth, Russian state news agency TASS reported, referring to the latest rankings from Forbes .