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Altura

Chinese LIB components firm ups stake in Australian lithium miner

Thu, 07/25/2019 - 09:58 -- Paul Crompton
Chinese LIB components firm ups stake in Australian lithium miner

Chinese lithium battery components producer Ningbo Shanshan has strengthened its supply chain by increasing its stake in Australia’s Altura Mining.

Altura said Shanshan would invest AUD$22.4 million (US$16m) and become the lithium miner’s single-largest shareholder, with a stake of 19%, subject to completion of various regulatory approvals.

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