Hengtong Logistics announces investment to advance lithium exploration in Zimbabwe
2023-08-18 11:26:32 [Print]
China's Hengtong Logistics has agreed to subscribe for, through its wholly-owned subsidiary Hengtong New Energy Hong Kong, USD3 million worth of convertible bonds issued by Yu Heng Lithium Holding Limited.
Under the agreement, Yu Heng Lithium will use USD2.7 million from the investment to advance the exploration of 16 lithium mineral deposits in Masvingo, Zimbabwe.
Hengtong Logistics has set up a local unit in Zimbabwe to operate business.
Under the agreement, Yu Heng Lithium will use USD2.7 million from the investment to advance the exploration of 16 lithium mineral deposits in Masvingo, Zimbabwe.
Hengtong Logistics has set up a local unit in Zimbabwe to operate business.
Spodumene Li2O 5%min In port China
Unit:RMB/dmtu
China's lithium maganate producers' sales volume statistics by province by month
Unit: RMB/mt
