Caixin (May 7) reported that Ganfeng Lithium Co. Ltd. has said it will buy out London-listed Mexican mining company Bacanora Lithium PLC for as much as 190 million GBP ($264 million), becoming China’s latest natural resource asset purchase to feed its booming demand for new-energy products. Bacanora is mainly involved in the mining of lithium clay, which is one of the main sources of the lithium that is used in many types of high-storage batteries. The company’s main asset is the Sonora project, which is among the world’s largest for the mining of lithium clays with estimated reserves of 8.82 million tons of lithium carbonate equivalent (LCE).