Reuters
Huayou, the world's biggest cobalt refiner in 2020, has been looking at investing more in lithium projects in China and overseas to add to its battery metal offering, a company executive told Reuters in September. Both lithium and cobalt are key ingredients in electric vehicle (EV) batteries. Sichuan New Energy said it had signed a strategic cooperation agreement with Huayou Holding, parent of Zhejiang Huayou Cobalt, under which the partners will collaborate in producing lithium chemicals, as well as in the acquisition and development of important mineral resources at home and abroad.