Key Takeaways:
Ganfeng Lithium will pay HK$240 million for 16.7% of Ximei Resources, a producer of tantalum and niobium.
Purchase will diversify Genfeng's business, and make use of its fat profits built on skyrocketing lithium prices
By Andrew Curran
Half a decade ago, barely anyone knew what lithium was. Now, the once-exotic metal is enjoying flavor-of-the-month status with a sky-high price to match. The soft, white silvery metal has seen its price soar over 400% in just 12 months as makers of batteries used in electric vehicles and new energy power stations scramble for limited supplies. As...
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