Interesting article on the latest political games being played out in relation to Kabanga nickel

https://www.ft.com/content/2984ae03-df15-420b-89cc-9ad8337014a9

Western nations join forces to break China’s grip on critical minerals

Coalition of 14 governments announces financing network for projects to provide raw materials required by tech industry

September 23 2024
The US International Development Finance Corporation will publish a letter of interest to provide debt financing to a mining project in Tanzania that would loosen China and Indonesia’s hold over supplies of nickel, a key battery ingredient.

The Kabanga nickel project is being developed by Lifezone Metals, a company based in the Isle of Man that is 17 per cent owned by BHP.

The project is a challenge to Chinese-backed investment in Indonesia that has reshaped the nickel market, turning the south-east Asian nation into an effective monopoly with 55 per cent global share of output, up from 16 per cent in 2017.