Caixin
May 20, 2022 08:02 PM
BUSINESS

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

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

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