https://www.engineeringnews.co.za

China's Chengxin submits bid for Ukraine lithium deposits

30th November 2021

By: Reuters

  

Font size: - +

Chengxin Lithium has applied for the rights to two lithium deposits in Ukraine that are up for auction, a Ukrainian government website showed, in a move that would give the Chinese company a foothold in the European lithium industry.

The bid underscores Shenzhen-based Chengxin's ambitious overseas expansion plans. The company, which makes lithium chemicals for electric vehicle (EV) batteries, in September said it would build a lithium plant in Indonesia and is investing in mining projects in Argentina and Zimbabwe.

Chengxin has applied for the Shevchenkivske and Dobra deposits, a list of bids published online by the Ukrainian Geological Survey showed.

The company did not immediately respond to a request for comment on Monday.

Shevchenkivske, in eastern Ukraine's Donetsk region, and Dobra in the central part of the country, have also caught the attention of European Lithium.

Australia-listed European Lithium said this month it would acquire Ukraine's Petro Consulting on condition that the latter wins permits to extract and process lithium from the two deposits within a year.

Petro Consulting, which says the two sites can produce 15,000 tonnes of lithium carbonate equivalent per year, previously held a special permit for Shevchenkivske and had applied for a special permit for Dobra.

Competition for lithium assets around the world is heating up as prices for the battery ingredient have more than tripled this year on resurgent EV demand.

Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) was recently outbid by Lithium Americas Corp for Argentina-focused lithium miner Millennial Lithium Corp.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.047 0.774s - 140pq - 2rq
Subscribe Now