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Australia-listed lithium explorer Lepidico said on Wednesday it had received an arbitration notice from chemicals maker Jiangxi Jinhui Lithium relating to an offtake agreement between its Namibia-based unit and the Chinese firm.
Toronto-based Desert Lion Energy, which was acquired by Lepidico in 2019 and renamed Lepidico Chemicals Namibia, had signed the offtake deal with Jinhui in November 2017 for the sale of stockpiled material from its Karibib project in Namibia.