June Boom3 Jun 2024 17:24
the market for lithium is only just warming up, soon they will be forming a queue to invest here.
the appetite for lithium, see below.
gina rinehart ups stake in lithium-focused vulcan
cecilia jamasmie | june 3, 2024 | 6:03 am battery metals top companies australia europe lithium
gina rinehart, the billionaire mining magnate who owns han**** prospecting, has boosted her ownership in vulcan energy resources (asx: vul) to 7.5% by injecting nearly $14 million (€12.5m) into the lithium-focused company.
the strategic investment, via private placement, makes han**** prospecting the second largest shareholders of vulcan, which is working on a zero emissions lithium plant in landau, germany.
rinehart is not the only one pouring millions into the lithium player. the perth-based company said on monday that cimic group, australia’s largest privately owned builder and melbourne’s wealthy smorgon family have both invested in the company. cimic now owns a 6% in vulcan after committing $27 million (€25m), while victor smorgon group has invested $2.7 million (€2.5m).
vulcan already has agreements to supply european carmakers including volkswagen, stellantis and renault
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i am still of the opinion rio tinto is the mystery gigafactory investor.
june boom, it's on the way 👍