Battery material lithium isn’t a health threat – industry groups
A proposal by the European Chemicals Agency wants to classify lithium salts as dangerous for human health.
A proposal by the European Chemicals Agency wants to classify lithium salts as dangerous for human health.
The proposal to classify the metal as a reproductive toxin could severely hurt Europe’s burgeoning EV industry, they argued.
The group plans to pay 1.8 billion yuan ($269 million) for a 71% stake in a company mining for lithium in Hunan province.
Governor Gavin Newsom approved the tax as part of a must-pass state budget on Thursday.
The brewing tension comes as America's largest state is trying to position itself as a leader in the green energy revolution.
China's biggest cobalt refiner acquired the hard-rock Arcadia lithium mine, just outside the capital Harare, for $422 million earlier this year.
It wants to increase its stake in Keliber to 50% plus one share and is offering to buy minority shareholders out to reach an 80% ownership.
The company intends to use the proceeds for purposes including repaying debt, funding the construction of a plant and for working capital.
Compass is the first US-based lithium producer to partner with the battery manufacturer.
Company to supply lithium spodumene from its flagship Kathleen Valley project in Western Australia.