As lithium prices hit record highs, there are fears that the decades-long decline in battery costs could soon come to an end and, in doing so, disrupt the EV boom
Ganfeng Lithium announced that it intends to acquire 8.58% of its shares at Litio from International Lithium Corp. through Ganfeng Lithium Netherlands CO.,B.V. Upon completing this transaction, Ganfeng Lithium indirectly holds 100% equity of Litio and its Mariana lithium salt lake project.
/PRNewswire/ FinancialNewsMedia.com News Commentary - Lithium-ion batteries are the source of choice of power for electric vehicles around the globe. The.
PALM BEACH, Fla., Oct. 19, 2021 /PRNewswire/ FinancialNewsMedia.com News Commentary - Lithium-ion batteries are the source of choice of power for electric vehicles around the globe. The
Tesla Secures Huge Lithium Deal For Its Batteries With a Major Chinese Supplier
This morning China s Sichuan Yahua Industrial Group Co. announced that the company and Tesla have signed a major deal according to which Sichuan Yahua Industrial Group Co. will supply battery-grade lithium hydroxide to Tesla Inc. for the next five years. Lithium is a key battery ingredient.
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Sichuan Yahua Industrial Group Co. is an industrial group headquartered in Chengdu, capital of Sichuan Province, China. The company didn t release much information about the magnitude of its battery-grade lithium deal with Tesla. However, in a filing to the Shenzhen Stock Exchange, Yahua put the total value of its lithium contract with electric car maker Tesla at $630 million to $880 million over 2021-25, according to Reuters.