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Chinese funds for battery project

WITH the Chinese government’s latest Five Year Plan encouraging renewable energy usage and predicted to increase demand for lithium-ion batteries, Galaxy Resources says five Chinese banks are interested in providing up to $US145 million ($A135.85 million) to fund its proposed battery plant in Jiangsu Province.

MiningNews.Net
Chinese funds for battery project

Galaxy said the banks had registered an interest in providing it with indicative funding of up to $100 million as a fixed asset loan facility and up to $45 million for working capital. “The company...

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