Australia's Eastern Iron partners with Yahua to develop lithium projects

Eastern Resources

14/11/2021 23:26

MELBOURNE, Nov 15 (Reuters) - Australia's Eastern Iron Ltd
 EFE.AX  has agreed to develop lithium projects with China
lithium chemicals producer Yahua Group,  002497.SZ  in Australia
and other countries, the companies said on Monday.
    The two companies will establish a long-term strategic
partnership for the supply of spodumene concentrates, and the
potential acquisition and development of spodumene projects in 
Australia and other countries excluding China or those in
Africa, the two parties said in a stock exchange filing.
   Yahua is a producer of lithium salts whose customers include
Tesla  TSLA.O  and BYD Auto  002594.SZ . It already has stakes
or supply agreements with Australia-listed lithium miners Core
Lithium  CXO.AX  and Orocobre Ltd  ORE.AX  which merged with
Galaxy Resources earlier this year. 
    Yahua agreed to buy Eastern Iron's Trigg Hill spodumene
project in the East Pilbara region of Western Australia in
August. Spodumene is a type of hard rock lithium concentrate
mostly found in Australia. 
    
    

 (Reporting by Melanie Burton; Editing by Sam Holmes)
 ((melanie.burton@thomsonreuters.com Twitter: @MelanieMetals;
+613 9286 1421; Reuters Messaging:
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