Shares jumped after the company said it had submitted additional technical studies to environmental and natural resources authority for permitting approval at its La India project.
"Our priority is to develop our existing lithium deposit in Argentina. But we are also looking for other deposits in Chile, Argentina and Brazil,"- Eramet Chief Executive Officer Christel Bories
Investigation is casting a wider net with the addition of Venezuela and Nigeria to its investigation, increasing the likelihood that Glencore’s management will get bogged down in a lengthy legal process.
Eike Batista, who was once one of the richest men in the world, was found guilty of bribing former Rio de Janeiro governor Sergio Cabral in exchange for contracts.