Ganfeng Lithium exercises participation right in Sal de la Puna
Top lithium producer also said it would sell $630m of shares to fund expansion overseas.
Top lithium producer also said it would sell $630m of shares to fund expansion overseas.
Kelvin Dushnisky, who has worked for AngloGold and Barrick, will now advise the Canadian lithium developer.
The company in March announced an ambitious plan to increase its production capacity roughly fivefold to 600,000 tonnes of lithium carbonate equivalent a year.
Roskill published an analysis with its view on the study that claims to have found an economically viable system to extract high-purity lithium from seawater.
The resource is "strategically important" because it requires smaller evaporation ponds to put the project into production, the company says.
Ganfeng will set up a joint venture company in the city of Fengcheng for its latest plant, which will convert spodumene into lithium battery materials.
Government pressure and a rise in environmental, social and corporate governance investing will motivate firms to alter existing techniques, Fitch says.
United Downs geothermal water test site and demonstration plant will be used to trial direct lithium extraction (DLE) process technologies.
Minmetals use of direct lithium extraction is seen as a first step in the development of domestic lithium resources.
President Aleksandar Vucic said the government supports the project, but it won't let it happen without community approval.