The Dominance of China in Today’s Lithium Market

As highlighted today by the AFR, Chinese companies have acquired half of the world’s major lithium mines put up for sale since 2018, signifying China’s growing control over the global battery metal supply chain. Out of 20 such mines, Chinese firms purchased 10 for approximately $12.3 billion, while Australia acquired only five. This trend reflects China’s focus on securing raw materials like lithium crucial for electric vehicles and renewable energy tech.

Geopolitical tensions with the US and its allies have prompted China to ensure a stable supply of these minerals. Despite some pushback in countries like Australia and Canada, China’s investments in lithium assets and direct involvement with mining companies underscore its strategic approach to the clean energy transition.

Read More and the full article on the AFR site.