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Ganfeng Lithium

Ganfeng Lithium finalises Argentina mine partnership with Lithium Americas

Tue, 08/20/2019 - 15:42 -- John Shepherd
China, Ganfeng Lithium, Argentina, Cauchari-Olaroz, lithium brine

China’s Ganfeng Lithium has finalised a US$160 million investment deal to raise its stake in Argentina’s Cauchari-Olaroz lithium brine project to 50%.

China's largest lithium compounds producer Ganfeng Lithium will now partner Canada’s Lithium Americas (LA) in a 50-50 joint venture that will develop and operate the project.

 

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Ganfeng Lithium in battery material cash boost for Bacanora

Mon, 05/20/2019 - 17:37 -- John Shepherd
Ganfeng Lithium in battery material cash boost for Bacanora

Ganfeng Lithium, China's largest lithium compounds producer, is tightening its grip on the battery raw materials market by agreeing to buy a 30% stake in Mexico-focused Bacanora Lithium.

London-listed Bacanora has signed a non-binding agreement for Ganfeng to pay £14.4 million (US$18.3m) in cash for the stake— in addition to the Chinese firm taking an initial 22.5% direct interest in northern Mexico’s Sonora Lithium Project for £7,563,649, with an option to increase its stake up to 50%.

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Chinese and Canadian firms seal Argentina lithium partnership

Mon, 11/05/2018 - 00:00 -- John Shepherd
The Cauchari-Olaroz project. Photo: Lithium Americas

China's largest lithium compounds producer, Ganfeng Lithium, and Canada’s Lithium Americas (LA) have finalised a deal to develop and operate Argentina’s Cauchari-Olaroz lithium brine project.

Ganfeng has acquired a 37.5% interest in Minera Exar, the holding company for Cauchari-Olaroz, from Chilean mining firm Sociedad Quimica y Minera de Chile (SQM). LA will hold the remaining 62.5%. 

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Tesla signs battery material deal with China’s Ganfeng Lithium

Mon, 09/24/2018 - 11:54 -- John Shepherd
Ganfeng Lithium

China's largest lithium compounds producer, Jiangxi Ganfeng Lithium, has signed a deal to supply a fifth of its production to Tesla.

Under the terms of the agreement, Tesla will designate its battery suppliers to buy lithium-hydroxide products from Ganfeng, according to a Shenzhen exchange filing on 21 September.

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LG Chem hails “massive” deal with China’s Ganfeng for batteries

Tue, 08/28/2018 - 12:27 -- John Shepherd
LG Chem logo

South Korean battery firm LG Chem has agreed a deal to acquire a “massive volume” of a key material from China's largest lithium compounds producer, to spur production of batteries for electric vehicles.

LG Chem said it had signed a contract with Ganfeng Lithium for the supply of a total 48,000 tons of lithium hydroxide, “enough to manufacture about one million batteries”.

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China’s Ganfeng Lithium splashes cash for Argentina partnership

Tue, 08/21/2018 - 16:44 -- John Shepherd
Gangfeng Lithium

China's largest lithium compounds producer, Ganfeng Lithium, has agreed a multi-million-dollar investment package to partner Canada’s Lithium Americas (LA) in developing and operating Argentina’s Cauchari-Olaroz lithium brine project.

The deal comes after Chilean mining firm Sociedad Quimica y Minera de Chile (SQM) sold its stake in the Argentinian project to a Ganfeng subsidiary.

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China tightens grip on lithium in Chile deal

Tue, 05/29/2018 - 10:15 -- John Shepherd
China tightens grip on lithium in Chile deal

China’s Tianqi Lithium is set to become a key shareholder of the world’s second largest producer of lithium— in a move to strengthen Chinese influence on the battery raw materials market.

Tianqi has agreed to buy a 25.9% stake in Sociedad Quimica y Minera de Chile (SQM) from Canada-based Nutrien in a deal worth more than $4 billion.

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China firm increases Australia lithium investment

Fri, 05/18/2018 - 10:54 -- Xuan Zhong
China firm increases Australia lithium investment

One of China's largest lithium hydroxide and carbonate producers, Sichuan Yahua Industrial Group, is boosting its investment in Australian lithium producer Core Exploration.

Sichuan has used its Yahua International subsidiary to give Core Exploration $1.4 million as share placement – in addition to $2m cash it pumped into the firm last year.

 

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China lithium material giant eyes expansion IPO

Mon, 02/26/2018 - 11:57 -- Xuan Zhong

China’s largest lithium compounds producer Ganfeng Lithium is reportedly looking to raise $1 billion from an initial public offering (IPO) in Hong Kong to expand its battery-related businesses.

According to the Financial Times, the IPO would fund new Ganfeng acquisitions and further exploration of lithium resources to secure future supply for the growing electric vehicle market in China.

 

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