Mining News

Battery giant CATL weighs buying stake in miner Jinchuan

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Contemporary Amperex Technology (CATL) is considering buying a minority stake in Chinese miner Jinchuan Group International Resources, in the hopes of securing supplies of key battery metals, people with knowledge of the matter said.

Ningde, Fujian-based CATL, which is the world’s biggest electric vehicle battery maker, is in initial discussions with Jinchuan International about acquiring a roughly 10% stake in the miner, said the people, who asked not to be identified as the information is private. CATL could offer more than one and a half times Hong Kong-listed Jinchuan’s share price, the people said.

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