Lithium suppliers seek to rein in price discounts in 2025 talks
The past year has been torrid for lithium, as a global slowdown in the pace of EV adoption left the market saddled with a glut.
Rita Trichur, writing in Saturday’s Globe and Mail, goes behind the headlines in discussing the $6.3 billion bid by China Minmetals to take over TSX-listed Equinox Minerals. The bid, Trichur writes is emblematic of an emboldened, more savvy China, as the country seeks to gain control over mineral resources in Africa:
China Minmetals Corp.’s plan to take over Canada’s Equinox Minerals Ltd. (EQN-T) marks a turning point in China’s ambitions to create a world-class mining giant, while signalling the country’s growing influence as a “soft power” in a slew of resource-rich African countries.
