Minmetals leads China’s $1.4 billion lithium consolidation effort

China is stepping up consolidation of its domestic lithium resources, as state-owned mining giant China Minmetals Corp (Minmetals) plans to establish a $1.4 billion subsidiary, China Salt Lake Group, to speed up the development of lithium brine resources in the lithium-rich Qinghai province. Central government-backed Minmetals will control a 53% majority stake, absorbing control of […]