The plant is expected to be capable of recycling up to 30,000 metric tons of palm kernel material equivalent to produce up to 10,000 metric tons of battery-grade, artificial graphite per year.
The price of gold has broken records this year.
The company has invested in modernization and expansion of Gibraltar, making it the second largest open pit copper mine in Canada.
Currently, mining has begun from the Silver Coin and Big Missouri deposits to feed a refurbished 2,500 t/d processing plant.
The surge in demand, driven by AI boom, could exacerbate the copper supply-demand imbalance, according to Trafigura's chief economist.
For the year, bullion is up by double digits at 13%, despite headwinds from strong US economic data.
If approved, the loan would be one of Washington's largest investments ever in a domestic mine.
Many current and upcoming energy storage and electronic devices depend on intercalated materials.
Serabi Gold noted it remains optimistic as there already are “a number of other groups keen to partner” with them.
Baatar's role in the expansion of Oyu Tolgoi and the $6.2bn Simandou iron ore project highlights his suitability for the CEO post.
