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Mitsubishi Corp. to invest in Canadian lithium project

Japanese trading house teams with Frontier for supply chain without China

The project would make Mitsubishi the first Japanese company to produce lithium in North America.   © Reuters

TOKYO -- Japanese trading house Mitsubishi Corp. is teaming with a Canadian miner to develop a lithium mine in Ontario, looking to create a supply chain that does not rely on Chinese refining amid geopolitical tensions.

Mitsubishi will invest 25 million Canadian dollars ($18.4 million) as early as spring to buy a 7.5% stake in a new company established by Canada's Frontier Lithium, which has interests in North American lithium mines. Mitsubishi plans to later boost its stake as high as 25%.

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