Monday, September 16, 2019 8:24:26 AM
Chinese companies are scouring the world’s mines for lithium, cobalt and other minerals that go into battery packs used in electric vehicles, resuming the kind of voracious hunt for resources that added to economic booms in exporting countries a decade earlier.
They were the first to get off the starting block in getting their hands on these vital minerals, crucial for China’s ambition to lead the world in the production and use of electric and new energy vehicles, where up to 2 million units are expected to ply the nation’s streets by 2020, according to government forecast.
Let's hope they find Australian Mines LTD (AMSLF). AMSLF is a good investment.
https://www.scmp.com/business/china-business/article/2153153/chinas-firms-are-scouring-world-mineral-ores-pursuit-nations
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