Category: Companies

China’s Zhejiang Huayou to acquire Arcadia Lithium for US$422mln

Itai Ndongwe HARARE – ASX-listed Prospect Resources has signed a USD $378 million binding agreement to sell its interest in the Arcadia Lithium Project to new energy lithium-ion battery material producer, Zhejiang Huayou. Huayou, the world’s largest cobalt producer, has agreed to purchase PMPL’s 87% investment in PLZ, as well as the associated intercompany loan, […]

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