China's Zhejiang Huayou Cobalt (603799.SS) said on Wednesday it would pay a total $422 million to acquire the Arcadia hard-rock lithium mine in Zimbabwe.
The move marks Huayou's second foray into lithium, a key ingredient in rechargeable batteries, in the space of a week. It is the latest acquisition of overseas battery mineral resources by Chinese companies looking to shore up supply to meet demand from the burgeoning electric vehicle (EV) sector.
/PRNewswire/ The "Mining in Southern Africa 2021" report has been added to ResearchAndMarkets.com s offering. Southern Africa has produced a large number of.
/PRNewswire/ The "Mining in Southern Africa 2021" report has been added to ResearchAndMarkets.com s offering. Southern Africa has produced a large number of.