Lithium top enterprises in China are the emerging investment in Australian miner

As one of China's largest producer of lithium hydroxide and carbonate in Sichuan province and China industrial group is to emerge Australia lithium producers Core Exploration (ASX: CXO) more money, because Chinese companies continue to try to ensure that manufacturing energetically The battery The key raw material for high-power electric vehicles.

Through its subsidiary, international, Sichuan in August last year above the $2 million cash injection, has offered $1.4 million to Core Exploration share placement.

As the electric car a surge in demand in the next ten years, Chinese companies have signed deals last year, to ensure that in Australia, South America, Canada and Africa mining developers a steady supply of lithium.

Core, said in a statement that the fund will be used to expand near Darwin in northern Australia xenophanes lithium regional exploration drilling and concentrate resources in the project.

Sichuan elegance existing business including yearly produces 12000 tons of lithium hydroxide oil refineries and 6000 tons of lithium carbonate oil refineries, and plans to expand its production to 50000 tones a year lithium salt production. As the main suppliers of lithium in China, and with a number of China group The lithium battery Downstream customer maintain a long-term and stable relations, and has extensive marketing and distribution channels.

The group also do other business in Australia, including in Darwin, production of industrial explosives.

China has become the main market participants, electric and hybrid cars accounted for about half of global sales.

With the surge in demand over the next five to ten years electric vehicle, has been committed to the world's second largest economy Lithium electricity Pool the safe and stable supply, over the past few years the company with Australia, Canada and Africa mining in the developer signed deals.

However, China's enterprise in South America, especially in Chile, not so lucky. In Chile, Tian Ji achieved the lowest cost producer Chile chemical and mining association (SQM) of a 32% stake in move be prevented from authorities.

Compared with other Chinese companies, analysts said, western companies have not shown interest in lithium electricity supply.

Like Beijing, North America and Europe's own lithium resources is limited, rely on imports from other places, but they also do not have China's control of the market.

As the continent from gasoline-powered cars to Europe, about 25% of the global lithium and local carmakers electric car production is expected to surge.

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