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China lithium material giant eyes expansion IPO

Mon, 02/26/2018 - 11:57 -- Xuan Zhong

China’s largest lithium compounds producer Ganfeng Lithium is reportedly looking to raise $1 billion from an initial public offering (IPO) in Hong Kong to expand its battery-related businesses.

According to the Financial Times, the IPO would fund new Ganfeng acquisitions and further exploration of lithium resources to secure future supply for the growing electric vehicle market in China.

 

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