EV lithium battery supply race hots up as China’s Yibin extends US$15 million loan to Australian miner Pilbara Minerals

//EV lithium battery supply race hots up as China’s Yibin extends US$15 million loan to Australian miner Pilbara Minerals

EV lithium battery supply race hots up as China’s Yibin extends US$15 million loan to Australian miner Pilbara Minerals

As miners eye expansions in the global race to secure a supply of lithium, a critical element in electric vehicle batteries, China’s Yibin Tianyi Lithium Industry has extended a US$15 million zero-interest loan to expand its relationship Australian miner Pilbara Minerals amid a steady trade of the mineral between the two countries.The loan from lithium chemical producer Yibin is in the form of an unsecured prepayment to Pilbara Minerals’ operating subsidiary, Pilgangoora Operation, and is the…

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By | 2021-03-16T06:36:05+00:00 March 16th, 2021|World|Comments Off on EV lithium battery supply race hots up as China’s Yibin extends US$15 million loan to Australian miner Pilbara Minerals