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Great Wall Motor to Buy Australian Lithium Resources for Electric Vehicle Production

iconOct 9, 2017 13:39
Source:SMM
China’s Great Wall Motor will buy a stake in Australia-based Pilbara Minerals so as to gain lithium resources from the company.

SHANGHAI, Oct. 9 (SMM) – China’s Great Wall Motor will buy a stake in Australia-based Pilbara Minerals so as to gain lithium resources from the company.

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It will purchase a 3.5% stake in the latter in order to secure lithium supplies for its electric vehicle production. 

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