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Page 13 - Chengxin Lithium News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Battery players spend big to ensure supply

China's battery material producer Zhejiang Huayou Cobalt Co Ltd said on Wednesday it will acquire a lithium mining company in Zimbabwe for $422 million, marking another foray into overseas battery mineral resources by Chinese companies that are shoring up supplies to meet surging demand from the new energy vehicle market.

Battery players spend big to ensure supply

China's battery material producer Zhejiang Huayou Cobalt Co Ltd said on Wednesday it will acquire a lithium mining company in Zimbabwe for $422 million, marking another foray into overseas battery mineral resources by Chinese companies that are shoring up supplies to meet surging demand from the new energy vehicle market.

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