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Chinese lithium player signs Indonesia raw materials deal
China’s Beijing Easpring Material Technology has moved to increase its grip on battery raw material supplies under a preliminary long-term deal with a Canadian project in Indonesia.
Easpring’s non-binding offtake agreement with Pacific Rim Cobalt (PRC) will secure supplies of nickel sulfate and cobalt sulfate— just weeks after Easpring unveiled expansion plans, saying demand for electric vehicles (EVs) had outstripped its existing lithium-ion cathode material production capacity.
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