China News Weekly 115 – China’s Desai to Build USD375.4 Million IoT Battery Plant in Guangdong

China News Weekly 115 – China’s Desai to Build USD375.4 Million IoT Battery Plant in Guangdong

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China’s Desai to Build USD375.4 Million IoT Battery Plant in Guangdong

China’s Desai to Build USD375.4 Million IoT Battery Plant in Guangdong

A unit of Desai Battery Technology will construct a CNY2.6 billion (USD375.4 million) plant in southern Guangdong province to make power units for Internet of Things devices in order to improve its product offering. Desai Battery plans to pen a...

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China’s Ganzizhou Rongda Lithium restarts spodumene mine after 5 years

China’s Ganzizhou Rongda Lithium restarts spodumene mine after 5 years

Chinese lithium firm Youngy Co Ltd’s wholly owned subsidiary, Ganzizhou Rongda Lithium Co Ltd, resumed production at its spodumene – a hard-rock mineral used for lithium – mine on June 10, an official told Reuters on Thursday. Strong demand from...

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Chile to push both private and public investment in lithium

Chile to push both private and public investment in lithium

Chilean Mining Minister Baldo Prokurica said on Tuesday the government of the South American mining powerhouse would favor neither private nor state investment as it seeks to ratchet up output of its world-leading reserves of ultralight battery...

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Albemarle details efforts to boost its Chilean lithium output by 30%

Albemarle details efforts to boost its Chilean lithium output by 30%

Albemarle Corp on Tuesday detailed a process it believes will increase its Chilean lithium output by nearly a third and said it is working to reduce the affect of precipitation on its evaporation ponds. Both steps should, if successful, help the...

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Estimated 5 million tonnes of lithium deposits found in southwest China

Estimated 5 million tonnes of lithium deposits found in southwest China

An estimated 5 million tonnes of lithium deposits have been found in China’s southwestern province of Yunnan, scientists said, potentially curbing the nation’s reliance on imports of the material, used in electric vehicle batteries...

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Lithium mining superpowers seek riches as battery makers

Lithium mining superpowers seek riches as battery makers

The race by Tesla Inc., Samsung SDI Co. and other technology giants to secure supplies of lithium — a key ingredient in batteries for electric vehicles and smartphones — is creating a unique chance for two global mining superpowers to reap more...

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Kidman Resources accepts Wesfarmers $534m takeover bid

Kidman Resources accepts Wesfarmers $534m takeover bid

Australian lithium miner Wesfarmers (ASX:WES) announced on Thursday that it has entered into a Scheme Implementation Deed (SID) with Kidman Resources Limited (ASX:KDR), confirming the terms to acquire 100% of Kidman’s outstanding shares. ...

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China’s sway over tech metals under scrutiny after Huawei swoop

China’s sway over tech metals under scrutiny after Huawei swoop

China’s grip on the world’s rare earths market is in focus once again amid speculation the dominant producer could choke off supplies as the trade war escalates. But they’re not the only strategic minerals to watch if China’s relations with the...

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World’s No. 2 lithium miner SQM sees demand growing by 17% this year

World’s No. 2 lithium miner SQM sees demand growing by 17% this year

Chile’s Chemical and Mining Society (SQM), the world’s second largest producer of lithium, expects demand for the key component in the batteries that power electric vehicles and cell phones to grow at “double-digit rates” this year...

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Rio Tinto may start mining lithium in Serbia by 2023

Rio Tinto may start mining lithium in Serbia by 2023

Global miner Rio Tinto (ASX, LON:RIO) may be ready to start mining lithium from its project in Jadar, Serbia in four years, but no decision will be made until the end of 2020, when the company expects to have completed a study on the deposit. The...

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