https://www.engineeringnews.co.za
Mining
Mining
mining

LITHIUM SCRAMBLE

LITHIUM SCRAMBLE: The shift to electric vehicles has spurred a global rush for lithium. This scramble was demonstrated during a recent auction for a controlling stake in a Chinese lithium mine, which garnered 3 448 bids. The 54.3% stake in Yajiang Snowway Mining Development, which is undergoing a bankruptcy process, was eventually sold for $299-million, after a heated bidding war, joined by 21 participants and watched by about 980 000 people online. Photograph Bloomberg

Photo by Bloomberg

17th June 2022

     

Font size: - +

The shift to electric vehicles has spurred a global rush for lithium. This scramble was demonstrated during a recent auction for a controlling stake in a Chinese lithium mine, which garnered 3 448 bids. The 54.3% stake in Yajiang Snowway Mining Development, which is undergoing a bankruptcy process, was eventually sold for $299-million, after a heated bidding war, joined by 21 participants and watched by about 980 000 people online. Photograph Bloomberg

Edited by Creamer Media Reporter

Comments

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024

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







sq:0.271 0.324s - 140pq - 2rq
Subscribe Now