Another variable! Unexpected "reversal" in the acquisition of Millennium Lithium Industry

Recently, (Lithium Americas Corp) of the American lithium industry announced that it will buy Canadian Millennium Lithium company (Millennial Lithium Corp.) for about 400 million US dollars. The previous offer from Ningde Times was about $297 million.

Is this just a struggle between America and Ningde? Before answering this question, we have to mention an interesting "reversal" halfway through.

Back in July, Ganfeng Lithium made an offer of about $285 million. Then in early September, the Ningde era stepped up to follow up, but four months later, the American lithium industry stepped in.

Then there is speculation that Ganfeng's equity relationship with the Americas is much like speculation that Ganfeng lithium industry is behind the scenes.

To this end, Ganfeng Lithium also said that the news was completely unfounded speculation. "due to peer competition and confidentiality terms signed with Millennium Lithium, the company actually did not participate in the discussion and board vote on the acquisition, and in the acquisition process, the company can completely obtain the priority acquisition right by matching competitors' quotations, without the need to bid again."

The reason why Millennium Lithium Industry is closely watched is that the continuous supply of lithium ore is the focus of the layout of the industrial chain of all companies. Millennium Lithium Industry itself holds two 100% interest projects to be developed, which shows that no matter who spends it, the buyer will have access to extremely considerable resources.

In the face of this "hot cake", not only is there a fantasy among lithium companies, some new energy car companies are also delineating the upstream lithium resources, and the most likely judgment in the industry is to prepare for their own batteries in order to reduce the cost of purchasing.