Ganfeng Lithium mulls opening battery plant in Argentina
The Chinese lithium giant has inked an initial deal to explore setting up a plant in Argentina's northwestern Jujuy province.
The Chinese lithium giant has inked an initial deal to explore setting up a plant in Argentina's northwestern Jujuy province.
Key moves in the mining sector.
Country has taken longer than expected implementing a new law that grants municipalities more say in mining projects.
The European Union last year added lithium to its critical raw materials list as essential for a shift towards electric vehicles and energy storage.
Company has signed a deal with minerals technology company Calix Ltd to explore lithium salts production.
According to Fitch, automakers with operations inside the EU have already started to invest in more sustainable extraction techniques, placing pressure on lithium producers.
The Pacific Northwest National Laboratory is ready to field test a technology that uses magnetite to anchor an adsorbent shell that selectively binds lithium and other critical metals.
Ganfeng, which in February rose its stake in Bacanora to 28.88% from 17.41%, will acquire the remaining shares at 67.5 pence each.
Albemarle Corp, the world's largest producer of lithium, posted a quarterly profit on Wednesday that easily beat Wall Street's expectations on rising demand from the electric vehicle industry.
Spain hopes to develop an ambitious cross-border lithium project with Portugal.