China buys half of the lithium mines on the market

[Sparty]

China has been buying up lithium mines around the world, acquiring a total of 10 out of 20 mines that have come up for sale in the past year.

This has led to concerns that China is trying to secure control of the global lithium market, which is essential for the production of electric vehicles and other clean energy technologies.

Lithium is a critical mineral that is used in the production of batteries, and demand for the metal is expected to grow significantly in the coming years as the world transitions to a low-carbon economy.

China is already the world's largest producer of lithium, and its growing dominance of the market has raised concerns about supply security and prices.

The Australian government has been warned that it needs to do more to secure its own supply of lithium, as the country has some of the world's largest reserves of the metal.

Read the article the above summarises: https://www.afr.com/companies/mining...0230825-p5dzhc