Recently, another domestic lithium giant joined the international competition for lithium mining assets. 002240.SZ has applied for the right to exploit two lithium mines in Ukraine, a move that could give it a foothold in the European lithium industry, according to the Ukrainian government website.
The acquisition highlights Shengxin LiNeng's ambitious overseas expansion plans. In September, Shengxin LiNeng said it would build a lithium plant in Indonesia and is investing in mining projects in Argentina and Zimbabwe.
According to a tender list published online by the Ukrainian Geological Survey, Shengxin Lithium Neng has bid for two lithium mines in Shevchenkivske and Dobra in Ukraine, which are located in (Donetsk) in the Donetsk region of eastern Ukraine and in central Ukraine, which can produce 15000 tons of lithium carbonate a year.
One of Sheng Xin's main competitors may be (European Lithium Ltd), an European lithium company. The European lithium company, which is currently listed in Australia, said this month that it would acquire (Petro Consulting), a Ukrainian oil consulting company, on the condition that the Ukrainian oil consulting company be granted the rights to exploit and process the two lithium mines within a year.
The Ukrainian oil consulting company said it had previously held a special license for the Shevchenkivske lithium mine and had applied for a special license for Dobra.
Lithium mine prices have more than tripled this year as demand for electric vehicles recovers, and global competition for lithium assets is heating up. Recently, Ningde era's plan to acquire Millennium Lithium Industry was "cut off" by American Lithium Company, which once became the focus of market attention.
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