Lithium Americas Corp is buying Argentina-focused Millennial Lithium Corp for $400 million in stock and cash, eclipsing an offer from China’s Contemporary Amperex Technology Co Ltd (CATL) as demand for the electric vehicle (EV) battery metal surges worldwide.
after missing out they said this:
“CATL will invest in major upstream mineral resources in an all-around way in order to ensure the supply chain security and the long-term stable delivery of our products, and avoid the impact of skyrocketing prices of certain upstream minerals,” it said in an e-mailed statement.
Lol it really doesn’t get any clearer than that. ALB CATL and livent all looking to expand ohh and so are ORE apparently.
not advice
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