The deal would give Ganfeng more access to resources in Argentina.

The partnership will help finance Frontier's PAK Lithium Project mine in Ontario and a planned lithium chemicals conversion facility.

Rio Tinto is developing the Rincon project, a lithium-brine mine in Argentina.

China's LFP capacity will reach 5.75 million metric tons in 2025, while global demand is estimated to be about 2.67 million tons that year.

This comes at a time when signs have shown that the lithium market has been stabilizing after falling around 70% over the past year.

Chile initiated a policy last year to increase state control of the strategic metal needed in batteries for electric vehicles. 

The after-tax net present value (at an 8% discount) for Boardwalk is now pegged at $2.3 billion.

Wolfsberg is kicking off a two year construction phase, and has an agreement to supply BMW by 2027.