China's top lithium companies invest heavily in emerging Australian lithium producers

Sichuan Yahua Industrial Group, one of China's largest producers of lithium hydroxide and carbonate, is injecting more capital into Core Exploration, an emerging Australian lithium producer, to ensure more sources of lithium supply.

The China industry through its subsidiary, the group in August last year to $2 million in cash basis, 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, and to ensure that Australia, Africa and South America, Canada, the lithium mine developer cooperation and get stable sources of supply of lithium.

Core Exploration said in a statement that these funds will be used to augment the near Darwin in northern Australia xeno phanes lithium project within the region focused on the drilling exploration and resources.

Sichuan, China currently has yearly produces 12000 tons of lithium hydroxide smeltery plant and 6000 tons of lithium carbonate, and plans to extend its capacity to 50000 tons a year. As the main suppliers of lithium in China, the China group and numerous The lithium battery Downstream customers have maintained long-term and stable relations, and has a wide range of marketing and distribution channels.

The page contains the contents of the machine translation.