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Thursday, October 07, 2021 5:30:34 AM
By Yvonne Yue Li + Follow
October 6, 2021, 5:11 PM EDT
Lithium carbonate prices in China soar to record high: BNEF
Chinese firms look to buy more lithium assets, Scotiabank says
Lithium is having a moment -- and record prices won’t deter the flurry of deals for the key battery metal.
A number of acquisitions of lithium miners have been announced in recent months, including a proposed takeover of Millennial Lithium Corp. by the world’s largest battery maker. Industry consultants, investment bankers and analysts see this as just a taste of things to come, even with skyrocketing prices for the silvery white metal that’s a key ingredient to power electric vehicles.
Bloomberg: Lithium Price Rally Sparks Surge in Deals for Key Battery Metal.
"What a great time to be positioned in IBAT. Just my opinion ;)"
https://www.bloomberg.com/news/articles/2021-10-06/lithium-s-shining-moment-brings-record-prices-and-surge-in-deals?utm_source=google&utm_medium=bd&utm_campaign=Markets&cmpId=GP.Markets
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