Ramping up ‘New Oil’ Race, China Buys Lithium Mines in Argentina

Ramping up ‘New Oil’ Race, China Buys Lithium Mines in Argentina
The AVZ lithium mine in the Manono region of the Democratic Republic of Congo, Africa. Junior Kannah/AFP via Getty Images
Anne Zhang
Updated:

Due to the limited supply of domestic lithium resources, battery-related companies in China have stepped up their competition for outside lithium sources.

Responding to a tweet on July 13 saying there is no security without energy independence, Tesla CEO Elon Musk wrote, “Absolutely. And lithium batteries are the new oil.”
Anne Zhang
Anne Zhang
Author
Anne Zhang is a writer for The Epoch Times with a focus on China-related topics. She began writing for the Chinese-language edition in 2014.
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