09/01/2023
WA miner IGO and Chinese-listed Tianqi have launched a $136 million bid for listed explorer Essential Metals as they seek supply for their expanding battery chemical export plant amid increasing demand for lithium products.
Tianqi Lithium Energy Australia, a joint venture between Tianqi and ASX-listed IGO, on Monday announced a 50 cents a share cash bid for Essential Metals – a 36 per cent premium to its average price over the past month.
The deal is another sign of the growth in Australia’s already strong lithium industry.
09/01/2023WA miner IGO and Chinese-listed Tianqi have launched a...
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