Emerging as the leading market player for electric and hybrid cars, China isn’t taking any chances on securing their future for the lithium needed to keep up the pace.
Although domestically, China has only 20% of the world’s lithium resources, but consumes more than 40% of the world’s lithium deposits.
The rise in Chinese interest in the lithium supply chain has put several lithium companies in the crosshairs of Beijing businesses, including NRG Metals Inc. (TSX.V: NGZ) (OTC: NRGMF), FMC Lithium (NYSE: FMC), Sociedad Quimica y Minera de Chile (NYSE: SQM), and Galaxy Resources Limited (OTC: GALXF).
Already, Chinese businesses have made moves to secure lithium projects, large and small—the bulk of the projects coming from South America’s prolific “Lithium Triangle.”
In the region, …View the full post at: China Dominating Lithium Race, Securing Lithium Supply Chain …
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