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Chinese Lithium Giant Expands into Argentina

File image of raw lithium. Photo by Alexander Schimmeck on Unsplash

The Chinese battery metals company Ganfeng Lithium Co. will spend $962 million to buy 100% of the Argentinian lithium compounds producer Lithea. The company owns lithium salt lakes with a capacity of 30,000 tons of lithium carbonate per year. 

Ganfeng Lithium has expanded rapidly, with projects in Mexico, Ireland, and Mali. Other Chinese battery metals giants like Zijin are also pouring money into Argentina, seen as the country with the biggest pipeline of lithium products.

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