Battery giant CATL weighs buying 10% stake in miner Jinchuan - Bloomberg News

Jinchuan International Resources

26/08/2021 06:50

Aug 26 (Reuters) - Battery giant Contemporary Amperex
Technology Co Ltd  300750.SZ  is considering buying around a 10%
stake in Chinese miner Jinchuan Group International Resources Co
 2362.HK  in the hopes of securing supplies of key battery
metals, Bloomberg News reported on Thursday.
    CATL is in initial discussions with Jinchuan about buying a
stake and could offer more than one and a half times Hong
Kong-listed Jinchuan's share price, Bloomberg said https://bloom.bg/3mAhipy,
 citing people with knowledge of the matter.
    

 (Reporting by Bhargav Acharya in Bengaluru; Editing by
Jacqueline Wong)
 ((Bhargav.Acharya@thomsonreuters.com;))