Zijin Mining is in talks to acquire a controlling stake in lithium producer Zangge Mining as one of China’s most globally expansive miners seeks to expand its push into the critical metal.
The company has been in discussions with Tibet Zangge Venture Capital, a major shareholder in Zangge, according to a Hong Kong stock exchange filing on Friday.
It said the “potential acquisition is still subject to the approval of the board of directors” as well as the “formal signing of an acquisition agreement”.
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