CATL reportedly bids for Canadian lithium miner Millennial for about $300 million
A bidding war is heating up between Chinese companies for a Canadian firm to get lithium needed for electric car batteries.
Analysts expect lithium prices to rise to previous record high this year
Lithium carbonate prices are expected to reach RMB 180,000 ($27,733) per ton in the second half of the year, the previous record high, said analysts.