Chinese battery manufacturer CATL has taken a stake in lithium developer Neo Lithium as it begins its latest foray into the lithium ion supply chain in what is expected to be a multi-billion dollar spending spree.
The deal sees CATL take a C8.5$million, 8% stake in Neo Lithium — which owns the Tres Quebradas Lithium Project (3Q Project) in Catamarca, Argentina. The investment brings Neo Lithium a step closer to finishing its definitive feasibility study for the project, which has a nameplate capacity of 20,000 tpa of lithium carbonate equivalent (LCE), with the potential to expand to . . .