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Yahoo acquires majority stakes in four lithium mines in Namibia
Coal mining in surface mine

Chinese lithium salts producer, Yahoo Group, said it will invest up to 145 million U.S. dollars to acquire a 70% stake in the two Hong Kong units of China Africa Industrial, which owns four lithium mines in Namibia. Yahoo aims to raise the self-sufficiency rate of lithium resources to more than 50% by 2025. Earlier in October, Yahoo withdrew from plans to invest in Canada’s Ultra Lithium after notifying Canadian authorities of the divestment of its assets in critical metals companies.