Chinese battery firm backs Altura

THE Australian lithium sector has been given another big show of support with Altura Mining attracting an investment of $A41.6 million from Chinese battery manufacturer Shaanxi J&R Optimum Energy Co.

Chinese battery firm backs Altura Chinese battery firm backs Altura Chinese battery firm backs Altura Chinese battery firm backs Altura Chinese battery firm backs Altura

J&R Optimum, which is focused on lithium iron phosphate power battery systems and which is capitalised at about $5 billion on the Shenzhen Stock Exchange, will hold about 19.9% of Altura.

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