Electric vehicle battery manufacturer Titan is set to acquire Australia’s Global Lithium in a deal valued at $237 million, marking a significant expansion into the critical minerals sector. The acquisition positions Titan to strengthen its supply chain by securing direct access to lithium resources, a key component in EV battery production. With global demand for electric vehicles surging, the move could help Titan reduce reliance on external suppliers and enhance its competitiveness in the growing green energy market. The transaction underscores the intensifying race among automakers and battery producers to control the raw materials essential for the transition to sustainable transportation.
EV battery maker Titan to buy Australia's Global Lithium in $237m deal Mining Weekly
