CATL earmarks $4.4B for critical minerals mining arm
Company News · Mining.com ·
Contemporary Amperex Technology Ltd (CATL), the world's leading EV battery manufacturer, has established a new subsidiary with $4.4 billion in registered capital to expand its critical minerals mining operations. The move addresses rising costs and supply uncertainty for battery raw materials including lithium, nickel, and cobalt, while positioning the company to strengthen its upstream supply chain. The investment signals growing vertical integration pressure as battery makers seek to secure direct access to critical mineral inputs.