ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Softbank marches into lithium business with stake in Canada mine

Investment allows IT conglomerate to gain presence in battery supply chain

SoftBank Group Chairman and CEO Masayoshi Son

TOKYO -- Japan's SoftBank Group will make its first-ever lithium investment, buying into a Canadian mining company. The move will allow the IT conglomerate to gain a presence in the battery supply chain.

SoftBank announced on Friday that it would acquire a stake of up to 9.9% in the Canadian company, Nemaska Lithium. The Japanese company will have the right to nominate a director to Nemaska's board.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more