Chinese companies are on a spree of signing deals with different battery metal firms in a bid to boost lithium and cobalt sources.
Great Boulder Resources discovers a mining deposit at Western Australia. The place is said to accommodate a large sum of copper, nickel, and cobalt.
The nickel exploration will take place in South Voisey's Bay mine in central Labrador, Canada.
Apple reportedly eyes to directly buy cobalt from miners. However, due to a shortage of cobalt production, it could be a risk.
Lithium, copper, cobalt, and nickel enjoyed a surge in demand as interest in electric cars increased.