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Northern Iron (TSXV:NFE) has announced that its corporate development team will be visiting automotive, battery and cathode manufacturers in China for the purpose of investing the company’s lithium properties in the US and securing a supply of lithium for future needs. As quoted in the press release: The meetings are enabled by Northern Iron’s previous …

Northern Iron (TSXV:NFE) has announced that its corporate development team will be visiting automotive, battery and cathode manufacturers in China for the purpose of investing the company’s lithium properties in the US and securing a supply of lithium for future needs.
As quoted in the press release:

The meetings are enabled by Northern Iron’s previous investment in building a wide network of mining and minerals industry participants in China since 2011 and NFE’s two newest directors who have extensive relationships with industrial and minerals consumers across Asia.
According to China’s Association of Automotive Manufacturers, China already leads the world in the numbers of electric vehicles on the road. The EV Sales Blog reports that most lithium ion batteries are currently made in Asia and China’s lithium consumption will grow in line with stepped up production of batteries for these vehicles. This growth is driven largely by the country’s focus on dramatically reducing emissions, necessitated by its New Energy Plan.

Click here to read the full press release.

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