Sinomine said in July it owned 80% of the world's indicated cesium reserves and was the main supplier of battery-grade lithium fluoride and the largest manufacturer and supplier of cesium and rubidium brine in China.
In a translated statement, the company said at the time its strategic focus had shifted to the business segment of rare light metal raw materials (lithium, cesium, rubidium) "with good development situation and huge development potential".
Sinomine said yesterday it was looking for further resources to mine in addition to the Tanco lithium, cesium and tantalum mine in Manitoba it had acquired from Cabot Corp last year.
Mining Journal...