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The Lithium Sector Surge Is Poised to Ignite a Deals Bonanza

  • Albemarle to China’s Ganfeng are on the prowl for acqusitions
  • China to drive elevated level of lithium M&A in 2018: analyst
Operations at the Talison Lithium Mine
Photographer: Carla Gottgens/Bloomberg
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The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution.

China’s expected to lead a mergers and acquisition bonanza as companies seek to wrest more control of the market from Western rivals. The Asian nation accounted for more than half of global electric vehicle sales last year, which exceeded 1 million for the first time. And that’s just a taster of what’s to come as the government targets 7 million vehicles by 2025.