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littlespazo
2021-09-29

Wow, go Tiger. 🐅

Chinese battery maker CATL to acquire Canada's Millennial Lithium

Sept 28 (Reuters) - Canada’s Millennial Lithium Corp said on Tuesday Chinese battery maker Contempor

Chinese battery maker CATL to acquire Canada's Millennial Lithium

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🐅","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/862205672","repostId":1188714042,"repostType":4,"repost":{"id":"1188714042","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1632876326,"share":"https://www.laohu8.com/m/news/1188714042?lang=&edition=full","pubTime":"2021-09-29 08:45","market":"sh","language":"en","title":"Chinese battery maker CATL to acquire Canada's Millennial Lithium","url":"https://stock-news.laohu8.com/highlight/detail?id=1188714042","media":"Reuters","summary":"Sept 28 (Reuters) - Canada’s Millennial Lithium Corp said on Tuesday Chinese battery maker Contempor","content":"<p>Sept 28 (Reuters) - Canada’s Millennial Lithium Corp said on Tuesday Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) has agreed to buy the miner for C$376.8 million ($297.3 million), after outbidding compatriot Ganfeng Lithium .</p>\n<p>CATL earlier this month had made an offer of C$3.85 per share in cash, Argentina-focused Millennial Lithium said, outbidding the C$3.60 per share offer made in July by Ganfeng, one of the world’s biggest producers of lithium chemicals used in electric vehicle (EV) batteries.</p>\n<p>The outright acquisition of a lithium miner by CATL follows its purchase of stakes in another Argentina-focused lithium company, Neo Lithium Corp, as well as in Greenland-focused North American Nickel and Australia’s Pilbara Minerals as it looks to shore up supply of key battery ingredients.</p>\n<p>In April, CATL said its subsidiary agreed to take a stake in China Molybdenum Co’s Kisanfu mine, a major source of battery metal cobalt, in the Democratic Republic of 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style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-29 08:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Sept 28 (Reuters) - Canada’s Millennial Lithium Corp said on Tuesday Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) has agreed to buy the miner for C$376.8 million ($297.3 million), after outbidding compatriot Ganfeng Lithium .</p>\n<p>CATL earlier this month had made an offer of C$3.85 per share in cash, Argentina-focused Millennial Lithium said, outbidding the C$3.60 per share offer made in July by Ganfeng, one of the world’s biggest producers of lithium chemicals used in electric vehicle (EV) batteries.</p>\n<p>The outright acquisition of a lithium miner by CATL follows its purchase of stakes in another Argentina-focused lithium company, Neo Lithium Corp, as well as in Greenland-focused North American Nickel and Australia’s Pilbara Minerals as it looks to shore up supply of key battery ingredients.</p>\n<p>In April, CATL said its subsidiary agreed to take a stake in China Molybdenum Co’s Kisanfu mine, a major source of battery metal cobalt, in the Democratic Republic of Congo (DRC) for $137.5 million.</p>\n<p>Millennial Lithium said on Tuesday that CATL has also reimbursed it for the termination fee of $10 million paid to Ganfeng, which had until Monday to match the higher bid but decided against it.</p>\n<p>CATL’s late charge puts the brakes on a prolific acquisition spree by Ganfeng so far in 2021, which has seen it agree to buy the shares it does not already own in Mexico-focused Bacanora Lithium for $264.5 million, as well as stakes in a lithium mine in Mali and a salt lake in China for $130 million and 1.47 billion yuan, respectively.</p>\n<p>The deal also comes as prices for battery-grade lithium carbonate in ChinaAM-995C-LTCBhave more than tripled so far this year as EV demand roars back from the pandemic fallout.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"300750":"宁德时代"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188714042","content_text":"Sept 28 (Reuters) - Canada’s Millennial Lithium Corp said on Tuesday Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) has agreed to buy the miner for C$376.8 million ($297.3 million), after outbidding compatriot Ganfeng Lithium .\nCATL earlier this month had made an offer of C$3.85 per share in cash, Argentina-focused Millennial Lithium said, outbidding the C$3.60 per share offer made in July by Ganfeng, one of the world’s biggest producers of lithium chemicals used in electric vehicle (EV) batteries.\nThe outright acquisition of a lithium miner by CATL follows its purchase of stakes in another Argentina-focused lithium company, Neo Lithium Corp, as well as in Greenland-focused North American Nickel and Australia’s Pilbara Minerals as it looks to shore up supply of key battery ingredients.\nIn April, CATL said its subsidiary agreed to take a stake in China Molybdenum Co’s Kisanfu mine, a major source of battery metal cobalt, in the Democratic Republic of Congo (DRC) for $137.5 million.\nMillennial Lithium said on Tuesday that CATL has also reimbursed it for the termination fee of $10 million paid to Ganfeng, which had until Monday to match the higher bid but decided against it.\nCATL’s late charge puts the brakes on a prolific acquisition spree by Ganfeng so far in 2021, which has seen it agree to buy the shares it does not already own in Mexico-focused Bacanora Lithium for $264.5 million, as well as stakes in a lithium mine in Mali and a salt lake in China for $130 million and 1.47 billion yuan, respectively.\nThe deal also comes as prices for battery-grade lithium carbonate in ChinaAM-995C-LTCBhave more than tripled so far this 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