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CATL snaps up Canadian lithium firm

Mon, 03/19/2018 - 11:17 -- John Shepherd
CATL snaps up Canadian lithium firm

China’s CATL has reportedly bought a 90% controlling stake in a Canadian lithium firm— to shore up supplies of the key raw material for its expanding global battery business.

Contemporary Amperex Technology (CATL) acquired 36.6 million shares of North American Lithium from Jilin Jien Nickel Industry, according to the China Daily.

 

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