TOKYO -- Chinese companies have splurged over $1 billion on rights over three lithium mines in Argentina in as many weeks as a race to secure supplies of the "white gold" critical to most production of electric car batteries revs up.
Gold producer Zijin and battery maker CATL join race for key EV material
Argentina holds the world's second-largest identified reserves of lithium, but is currently the third-largest producer. © Reuters
TOKYO -- Chinese companies have splurged over $1 billion on rights over three lithium mines in Argentina in as many weeks as a race to secure supplies of the "white gold" critical to most production of electric car batteries revs up.