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CATL buys Millennial Lithium

With the shift away from the combustion engine and towards the electric motor, the demand for lithium is also increasing. China’s largest battery manufacturer CATL has now secured a particularly coveted mining area. CATL is taking over Canadian mining company Millennial Lithium for C$377 million (around €250 million). This corresponds to a price of C$3.85 per share.

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