China is set to hold auctions for licenses to mine lithium, a key element in electric vehicle batteries. The auctions come as China, the world’s largest producer of electric vehicles, seeks to accelerate domestic development of this critical resource. Previous auctions in Sichuan saw heated competition and skyrocketing prices, with winning bids reaching over a thousand times the starting price.
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Welcome to the crazy world of China’s lithium mine auctions
China is set to hold auctions for licenses to mine lithium, a key element in electric vehicle batteries. The auctions come as China, the world’s largest producer of electric vehicles, seeks to accelerate domestic development of this critical resource. Previous auctions in Sichuan saw heated competition and skyrocketing prices, with winning bids reaching over a thousand times the starting price.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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