98 days ago • Posted by William Ramstein

Lithium sees yet more momentum with billionaire investors jumping in

Rinehart, Australia’s richest person, is looking to gain exposure to the battery metal at a time when prices are starting to recover after a difficult 2020. China is leading a resurgence in demand for lithium as the global economy starts to recover from the coronavirus pandemic. Lithium carbonate prices surged 37% in January, the biggest monthly gain since December 2015, according to Asian Metal Inc. A raft of Australian miners are looking to boost their capacity in the battery minerals space. IGO Ltd in December agreed to buy a 49% stake in Tianqi Lithium Corp’s Greenbushes operation in Australia, the biggest lithium mine in the world.- Bloomberg