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BRIEF-Neo Lithium Files Management Information Circular For Proposed Arrangement With Zijin
The battle for lithium ore continues: takeovers in the Ningde era were “cut off” by overseas sellers
A person in charge of the overseas acquisition department of a domestic lithium mining company revealed to reporters that at present, the purchase prices for many overseas lithium mining projects are already too high. If lithium ore prices fall in the future (or if lithium batteries for electric vehicles are replaced by other new technology), it may bring a considerable risk of loss to current mineral acquisitions. “In 2015, Chinese companies set off a round of overseas lithium ore purchases, which led to a sharp rise in global lithium resource prices at the time.” A head of the overseas business department of a domestic lithium mining company recalled to reporters.
Tesla's Battery Supplier CATL Plans $5 Billion Plant
“Nonferrous Brother” Zijin Mining launched a blitzkrieg over lithium resources to win 5 billion dollars. Can Canada's new lithium company win a decisive victory over 1,000 “lithium”?
Livent, which was spun off from the FMC lithium mining division, has its raw material source from Hombre Muerto salt lake, and the production cost is about 3,600 US dollars/ton, making Livent one of the lowest-cost producers of lithium carbonate and lithium chloride in the world.
Zijin Mining plans to spend 4.9 billion to acquire world-class lithium projects
On October 10, Zijin Mining (601899) announced that it and Canadian Stock Exchange listed company Neo Lithium Corp on October 8. (hereinafter referred to as “New Lithium Company”) signs the “Arrangement Agreement”. Zijin Mining will acquire all of the issued and circulating common shares of the new lithium company in cash at a price of 6.5 Canadian dollars per share through a wholly-owned subsidiary incorporated in Canada. The transaction amount is approximately 960 million Canadian dollars (approximately RMB 4.939 billion). Zijin Mining is a large company that mainly focuses on exploration and development of metal mineral resources such as gold, copper, etc., and application research of engineering technology
Zijin Mining Shares Jump on Plans to Acquire Canada's Neo Lithium
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