Caixin
Jul 12, 2022 08:09 PM
BUSINESS

Ganfeng Lithium to Buy Two Argentinian Mines as Race Heats Up for Battery Raw Materials

Ganfeng Lithium's headquarters in Xinyu, Jiangxi province. Photo: Ganfeng Lithium
Ganfeng Lithium's headquarters in Xinyu, Jiangxi province. Photo: Ganfeng Lithium

China’s lithium giant Ganfeng Lithium Co. Ltd. (002460.SZ) plans to spend up to $962 million to buy two mines in Argentina as major Chinese lithium firms ramp up investment to take advantage of surging demand for the key electric vehicle (EV) battery material.

A subsidiary of Ganfeng plans to acquire 100% of Lithea Inc., a company that owns two lithium salt lake assets that together are aimed at producing 30,000 tons of lithium carbonate a year, according to a Monday company filing.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST