Bids to acquire Chinese battery firm CATL’s mothballed lithium plant in the Canadian province of Quebec are due by January next year, a representative with the court-appointed monitor overseeing the auction said on Wednesday.
Lithium is expected to be in hot demand in the early years of the next decade, but oversupply of the battery metal this year has pummeled the industry, causing major producers to cut back and forcing some smaller miners out of the business.