China's Chengyi Lithium International Ltd is to pay $76.5 million for a controlling stake in Max Mind Investment Ltd, which owns the Max Mind Zimbabwe lithium business.
The subsidiary of battery materials producer Chengxin Lithium Group has signed an equity transfer agreement with Mad Max Investment to acquire a 51% stake in the African company, Chengxin Lithium said on Wednesday November 3.In a two-step process, Chengyi Lithium will first pay $15 million before November 10...