The Biden administration has gifted $US166 million ($243.6 million) to tiny ASX-listed manganese producer Element 25 to partially fund the development of a Louisiana plant that will refine the metal into a battery-grade product.
Element 25’s windfall was revealed ahead of a meeting between US President Joe Biden and Australian Prime Minister Anthony Albanese in Delaware.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
