Herewith just a little appetizer why we are in Lac (Lithium). Unfortunately I did not have access to the entire articles, would not pay, sorry.

Still good weekend, and note Kevin from Hass starts No. 8 in F1.

Majority Stake in Embattled Chinese Lithium Miner Sold at Nearly 600 Times the Guide Price After Fierce Bidding

By Guo Yingzhe, Lu Yutong and Chen Yuewan

The price of lithium has soared in recent years as sales of electric vehicles have spiked. Photo: VCG

The majority stake in an embattled Chinese lithium mining company would be sold at an incredible price during an action after fierce bidding, amid surging demand for the key ingredient of electric vehicle batteries.

The hammer price of 2 billion yuan ($298.8 million) is 596 times the opening price for the auction of a 54.3% stake in Sinuowei Mining Development Co. Ltd. based in Southwest China’s Sichuan province, according to the auction platform owned by JD.com Inc.

China’s Ganfeng Lithium Continues Investment Spree With Stake in Metals Producer

By Guo Yingzhe

Ganfeng Lithium's large energy storage equipment. Photo: Ganfeng Lithium

As profits soar on sky-high lithium prices, one of China’s top producers of the metal is expanding its campaign of investment to include other metals.

On Friday, Jiangxi Ganfeng Lithium Co. Ltd. (002460.SZ) announced that one of its subsidiaries had reached an agreement with Ximei Resources Holding Ltd. to buy HK$240 million ($30.6 million) in new shares issued by the manufacturer of tantalum-niobium products.