Top Chinese lithium companies are bullish on investing heavily in Australian lithium producers

AIA, through its subsidiary, Awa International, provided $1.4 million in stock placement to CoreExploration last August, on the basis of a $2 million cash injection.

With demand for electric vehicles soaring over the next decade, Chinese companies signed several deals last year to ensure that they work with lithium-mining developers in Australia, South America, Canada and Africa to secure a stable supply of lithium.

CoreExploration said in a statement that these investment funds will be used to expand regional exploration and resource concentration drilling within the Finnis lithium project near Darwin, Northern Australia..

Sichuan Yahua currently has a processing plant with an annual output of 12,000 tons of lithium hydroxide and a smelting plant with 6,000 tons of lithium carbonate, and plans to expand its production capacity to 50,000 tons per year. As a major supplier of lithium salt in China, Yahua Group maintains a long-term stable relationship with many customers downstream of lithium batteries and has a wide range of marketing and distribution channels.

Some industry analysts say Western companies have yet to show a strong interest in lithium supplies compared with other Chinese companies. North America and Europe also have limited resources for their own lithium, largely dependent on imports from elsewhere, but they do not yet control the market on a large scale.

The page contains the contents of the machine translation.