Japanese holding company SoftBank has signed an agreement to acquire a stake of up to 9.9% in Canada’s Nemaska Lithium.
SoftBank said the undisclosed investment amount in the lithium development firm will help to meet growing demand for batteries uses in electric devices and electric vehicles.
US graphite demand is seen rising more than 600% to almost 700,000 tonnes by 2034, as the country seeks a domestic supplier alternative to China.
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