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24 Feb

CATL affiliation wins prospecting rights for lithium mine in Xinjiang

An affiliate company of Chinese battery giant CATL named Xinjiang Zhite New Material won a recent auction for prospecting rights to South Lithium Mine of Washixia, Ruoqiang County, Xinjiang, Kallanish learns from Xinjiang Public Resources Trading Network.  The deal was closed at CNY 6.10 billion ($876.97 million), about 384 times the starting price of the auction. Xinjiang Zhite New Material was registered in November. It is a joint venture of…
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