China’s Huayou to buy Africa-focused Australian miner in lithium rush
Materials
$210m deal secures access to EV battery ingredient in Ghana, Ivory Coast
China’s Zhejiang Huayou Cobalt previously acquired this lithium mine in Zimbabwe. Now it is moving to secure interests in Ghana and Ivory Coast. © Getty Images
TOKYO — Chinese mineral miner Zhejiang Huayou Cobalt has agreed to fully purchase an Australian peer with lithium assets in Africa, expanding its portfolio on the continent.
