China’s lithium market sees a surge in strategic mining rights acquisitions. Companies aim to meet the growing EV demand. The electric vehicle boom drives global lithium demand. Major Chinese mining companies expand their portfolios. They secure long-term access to lithium resources. Sichuan Natural Resources Investment and Canmax Technologies are key players.
Sichuan Natural Resources Investment Secures Mackitan Lithium Mine
On December 3, Sichuan Natural Resources Investment secured exploration rights. This was for the Mackitan lithium mine in Ganzi prefecture. The company invested Yn2.46 billion. The mine contains an estimated 885,500 tonnes of lithium oxide. The site has an average lithium grade of 1.5%. This enhances the company’s ability to supply the EV industry.
Canmax Technologies Enters Lithium Mining Sector
Canmax Technologies entered the lithium market. On December 2, they acquired mining rights. This was for a lithium-containing ceramic soil mine in Jiangxi province. The acquisition was valued at Yn2.51 billion. The mine spans Fengxin and Yifeng counties. It has a projected 22.9-year operational lifespan. Canmax’s entry solidifies its strategy to supply EV battery materials. SuperMetalPrice views this as a major market development.
Lithium Market Outlook and Strategic Acquisitions
In November, lithium prices reached record levels. The EV market drove this demand. Companies remain confident in lithium’s long-term prospects. Strategic acquisitions continue. Companies like Sichuan Natural Resources Investment and Canmax secure key resources. The global push for clean energy ensures lithium’s essential role.
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