20.4 C
Belgrade
Supported byspot_img
spot_img

Ganfeng Lithium’s $70 million investment signals expansion in Argentine lithium mining

Member of Europium Groupspot_img
Supported byspot_img

China’s Ganfeng Lithium is planning to invest up to $70 million to acquire a minority stake in an Argentine lithium mining company, Proyecto Pastos Grandes. Ganfeng Lithium will purchase at least 14.8% of Proyecto Pastos Grandes’ total equity.

The investment aims to support the development of Proyecto Pastos Grandes’ lithium salt lake project in Argentina, which primarily produces battery-grade lithium carbonate for lithium battery cathodes.

This move will not only expand Ganfeng Lithium’s lithium resources but also contribute to the integration and development of its existing lithium salt-lake project in Argentina. The investment is part of Ganfeng Lithium’s strategy to secure a stable supply of lithium resources amid the rising demand for electric vehicle batteries.

Supported byElevatePR Digital

Related News

Mali signs lithium mining agreement with Ganfeng, eyes revenue boost

Earlier this week, Mali's economy minister announced a significant deal with China's Ganfeng Lithium regarding the operation of the Goulamina lithium mine. Under the...

Weardale Lithium proposes advanced extraction plant in County Durham, UK

Weardale Lithium Limited, a natural resources company based in County Durham, UK, has recently filed a planning application with Durham County Council. This application...

EU nations present critical minerals investment strategies at Raw Materials summit

Representatives from leading nations disclosed their plans for critical minerals public funds at this year's Raw Materials Summit in Brussels, aiming to attract investment...

Final legal discussions underway for EU-Serbia lithium trade partnership

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar...
Supported by
Supported by
Supported by
error: Content is protected !!