{"id":53385,"date":"2024-01-04T20:14:49","date_gmt":"2024-01-04T20:14:49","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner"},"modified":"2024-01-04T21:13:28","modified_gmt":"2024-01-04T21:13:28","slug":"chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner","title":{"rendered":"China\u2019s Huati Lighting rises on plan to buy majority stake in Mozambican lithium miner"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Shares of Sichuan Huati Lighting Technology rose after the Chinese outdoor lighting maker said the firm plans to improve its positioning in the new energy supply chain by buying a controlling stake in a lithium mining firm in Mozambique for USD3 million.<\/p>\n

Huati Lighting [SHA: 603679] closed up 2.6 percent at CNY14.30 (USD2) a share in Shanghai ton Wednesday (27 December), bringing the stock\u2019s gain so far this year to almost 20 percent.<\/p>\n

A unit of Huati Lighting will acquire 85 percent of Kyushu Resources, which was set up in August and owns exploration right No. 11,682 in the Gile\u0301 district of Mozambique\u2019s Zambezia province, its Chengdu-based parent company announced late on Tuesday.<\/p>\n

The prospecting right covers an area in the northeastern part of the Alto Ligonha pegmatite belt, where there are many large and super-large rare metal deposits, Huati Lighting pointed out.<\/p>\n

Huati Lighting will start sinking mines and extracting lithium ores by itself or with a professional third party, it noted.<\/p>\n

The company will ship the processed lithium concentrates through the port of Nacala, around 350 kilometres away, to Shanghai for sale to clients in China, it added.<\/p>\n

The project\u2019s likely fixed-asset investment and working capital will be up to USD10 million, Huati Lighting noted, citing the latest report by an industry consultant. Presuming no significant changes in lithium carbonate prices, the project will likely gross USD103.6 million of annual revenue, with a profit of USD45.6 million after it reaches full capacity, according to the company.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Shares of Sichuan Huati Lighting Technology rose after the Chinese outdoor lighting maker said the firm plans to improve its positioning in the new energy supply chain by buying a controlling stake in a lithium mining firm in Mozambique for USD3 million. Huati Lighting [SHA: 603679] closed up 2.6 percent at CNY14.30 […]<\/p>\n","protected":false},"author":84,"featured_media":53384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-53385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nChina\u2019s Huati Lighting rises on plan to buy majority stake in Mozambican lithium miner - Mozambique<\/title>\n<meta name=\"description\" content=\"Shares of Sichuan Huati Lighting Technology rose after the Chinese outdoor lighting maker said the firm plans to improve ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Huati Lighting rises on plan to buy majority stake in Mozambican lithium miner\" \/>\n<meta property=\"og:description\" content=\"Shares of Sichuan Huati Lighting Technology rose after the Chinese outdoor lighting maker said the firm plans to improve ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-04T20:14:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-04T21:13:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1704389819.374302.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"China\u2019s Huati Lighting rises on plan to buy majority stake in Mozambican lithium miner\",\"datePublished\":\"2024-01-04T20:14:49+00:00\",\"dateModified\":\"2024-01-04T21:13:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner\"},\"wordCount\":271,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/01\/sm_1704389819.374302.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/chinas-huati-lighting-rises-on-plan-to-buy-majority-stake-in-mozambican-lithium-miner\",\"name\":\"China\u2019s Huati Lighting rises on plan to buy majority stake in Mozambican lithium miner - 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