{"id":2015086,"date":"2023-08-29T04:08:02","date_gmt":"2023-08-29T08:08:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/half-of-major-lithium-deals-since-2018-were-made-by-chinese-firms-study-says\/"},"modified":"2023-08-29T04:11:05","modified_gmt":"2023-08-29T08:11:05","slug":"half-of-major-lithium-deals-since-2018-were-made-by-chinese-firms-study-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/half-of-major-lithium-deals-since-2018-were-made-by-chinese-firms-study-says\/","title":{"rendered":"Chinese firms have dominated half of the significant lithium deals since 2018, according to a study."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhalf-of-major-lithium-deals-since-2018-were-made-by-chinese-firms-study-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2015086&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>China&#8217;s Growing Influence in the Global Lithium\u2063 Market<\/h2>\n<p>China&#8217;s presence in the\u200d critical minerals sector, particularly in the lithium market, \u2064is steadily expanding as the country strategically secures \u2064more resources. According to a\u200c recent S&#038;P study, Chinese\u2063 firms have accounted for half of the \u200cmajor \u200dlithium \u2063deals valued \u2062at over $100 \u200dmillion since \u20622018, \u200ctotaling more than $7.9 billion.<\/p>\n<blockquote>\n<p>&#8220;Heeding urgings from the industry, \u2063the Chinese government is likely to take more supportive\u2063 actions, as it views these sectors as integral\u200d to \u200bthe country&#8217;s core \u2062strategy,&#8221;\u2063 the study explains. &#8220;This alignment\u200c of\u2062 interest\u200d will facilitate\u200b the development of China&#8217;s influence over these minerals and the industries \u2063that\u200d rely \u2063on\u2063 them as more Chinese firms secure \u2064access \u2062and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-oversight-democrats-quietly-cancel-climate-hearing-into-big-oil-disinformation-amid-ukraine-crisis\/\" title=\"EXCLUSIVE: Oversight Democrats Quietly Cancel Climate Hearing Into Big Oil \u2018Disinformation\u2019 Amid Ukraine Crisis\">expand production capacity<\/a>.&#8221;<\/p>\n<\/blockquote>\n<p>Lithium is a crucial material in the transition to cleaner energy and has been deemed\u2064 essential to the economic\u2062 and national security of the\u200b United \u200bStates by the Department \u2062of Energy. However, Chinese firms have been more active in mergers and acquisitions within the\u2064 lithium sector. The study reveals that \u200bChinese mining majors and \u200dlithium producers have been rapidly acquiring these\u2062 assets since 2021, coinciding with the surge in lithium prices. This trend has attracted the attention of miners, battery\u200d makers, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-pushes-for-50-percent-electric-vehicle-sales-by-2030\/\" title=\"Biden Pushes for 50 Percent Electric Vehicle Sales by 2030\">electric vehicle manufacturers<\/a>, all\u2064 vying to establish a foothold\u2063 in the market.<\/p>\n<p>These developments intensify the competition between Beijing and\u200c Washington for \u2064dominance in\u200c the lithium market, which is \u2063vital for electric vehicles, renewable power, and \u2062various technologies. Additionally, it poses a challenge to the Biden administration&#8217;s goal of electrifying multiple sectors without relying on foreign adversaries.<\/p>\n<p>Leading lithium\u2063 producers like\u200d Ganfeng Lithium Co. Ltd. and Tianqi Lithium Corp. are actively\u2062 seeking upstream raw materials to expand their\u200d production capacities. Metal miners, such as Zijin Mining Group Co.\u2062 Ltd., are also venturing\u2063 into\u200d the lithium market to diversify their portfolios\u200d and capitalize on\u200b the mineral&#8217;s growth \u200dpotential.<\/p>\n<p>Despite facing more restrictive \u2063foreign \u2063investment policies, Chinese\u2064 firms are exploring alternative sources\u200b for critical minerals. They are expanding their presence \u200bin countries like Argentina, Mali, Mexico, and \u2064even within China itself. Furthermore, China currently controls the majority of lithium offtake agreements in Africa.<\/p>\n<p>In conclusion, China&#8217;s increasing influence in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/half-of-major-lithium-deals-since-2018-were-made-by-chinese-firms-study-says\/\" title=\"Chinese firms have dominated half of the significant lithium deals since 2018, according to a study.\">global lithium market poses significant \u200cchallenges<\/a> and \u2062opportunities for \u200bother nations,\u2062 particularly the United States. As the demand\u200c for lithium continues\u2063 to rise, the race for control over\u200b this essential resource \u200bbecomes more critical\u2063 than ever.<\/p>\n<h3>Read more:<\/h3>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\">The Washington Examiner<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s dominance in the critical minerals sector, particularly lithium, is expanding as it strategically strengthens its hold on the market. Recent data reveals that Chinese companies accounted for 50% of significant lithium deals exceeding $100 million since 2018, as highlighted in an S&amp;P study released on Thursday.<\/p>\n","protected":false},"author":1,"featured_media":2015087,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2015086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2015086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2015086"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2015086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2015087"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2015086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2015086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2015086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}