
[Week in China] The ‘Lithium OPEC’
China Stories
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China, Stories Produced by Sub China
Gun fongs founder and chairman, lee lang ben is 12 years younger than tenches jang. He left his government post in 19 97 when news broke in chile that s c m had succeeded in extracting industrial grade lithium from its brine lakes. Since 20 11, gun fung has also made a string of acquisitions in upstream resources including another deal this week for the 962 million dollar takeover of a lithium brin deposit in argentina. The privately owned lithea owns the rights to two lithium salt lakes in Argentina's mineral rich salta province. Elon musk weed into the same debate this week when he warned on thursday that lithium batteries are the new oil.
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