Prospect sells stake in Arcadia lithium project to battery materials producer Huayou
The acquisition will provide the Chinese company direct access to lithium needed for state-of-the-art EV battery CAMs
Australian battery minerals company Prospect Resources announced via press release on 20 April that it had sold its 87% interest in the Arcadia Lithium Project in Zimbabwe to a subsidiary of mainland Chinese lithium-ion battery materials producer Zhejiang Huayou Cobalt.
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