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China Press Sohu

How does China deal with the expanding supply and demand gap?

08/11/21

https://www.sohu.com/a/499885861_524555?scm=1004.783358970038517760.0.0.1751

"Lithium resources are no less important than petroleum and other strategic resources. Once abottle neck occurs in exploitation, it may become the fuse of war just like petroleum."

This
requires a new start.

In fact, many years ago, Chinese-funded enterprises began to deploy in Africa. In2017, Huayou Cobalt and Tianyi Lithium acquired shares in AVZ Company.

With the increasing importance of lithium resources, Chinese companies have accelerated their actions. As a high-quality lithium project, Manono holds 60% of the shares in AVZ Minerals. Ganfeng Lithium, Shengxin Lithium and Tianyi Lithium have successively signed offtake agreements with AVZ, locking in 75% of AVZ’s Manono project. Capacity.

It is foreseeable that the supply and demand gap of lithium will be rigid in the short term, and in the long term, lithium will be a must in China.