The $1.7bn offer for Azure Minerals comes during a rush of dealmaking for the metal used in batteries
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Gina Rinehart has teamed up with a Chilean miner to take control of a prized lithium asset in the mineral-rich Pilbara, creating a path for Australia’s richest person to become a major producer of the key metal used in electric vehicle batteries.
Rinehart’s Hancock Prospecting and Sociedad Quimica y Minera (SQM) lodged a $1.7bn bid for Azure Minerals, according to a stock exchange announcement on Tuesday.
Continue reading…The $1.7bn offer for Azure Minerals comes during a rush of dealmaking for the metal used in batteriesFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastGina Rinehart has teamed up with a Chilean miner to take control of a prized lithium asset in the mineral-rich Pilbara, creating a path for Australia’s richest person to become a major producer of the key metal used in electric vehicle batteries.Rinehart’s Hancock Prospecting and Sociedad Quimica y Minera (SQM) lodged a $1.7bn bid for Azure Minerals, according to a stock exchange announcement on Tuesday.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…