One mine auction draws 3 448 bids amid scramble for lithium An auction for a controlling stake in a Chinese lithium mine has garnered 3 448 bids, underscoring the scramble to secure the battery metal that’s key to the clean-energy transition.
The 54.3% stake in Yajiang Snowway Mining Development, which owns the mine in Sichuan, a southwestern province in China, was sold for about two-billion yuan ($299-million), according to the JD.com’s judicial auction platform. That’s nearly 600 times higher than the starting price of about 3.35-million yuan. Details of the winning bidder weren’t immediately available.
https://www.miningweekly.com/article/one-mine-auction-draws-3-448-bids-amid-scramble-for-lithium-2022-05-23
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