TOKYO : Japan's Idemitsu Kosan Co has increased its stake in Australian lithium company Delta Lithium Limited to 15 per cent as it expands in metals essential for electrification and green transition, the company said in a statement on Friday.
In March, Idemitsu Kosan, Japan's second-biggest oil refiner, increased its stake in Australia's Vecco Group to 14.7 per cent, giving it access to a vanadium mine and an electrolyte plant project, as it expands its presence in renewable energy. On Friday, Idemitsu said it raised its stake in DLI from 2.3 per cent and its total investments into the company now stand at 53 million Australian dollars . DLI is studying two lithium-mine projects in western Australia, Idemitsu added.
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