Ganfeng Lithium Industry plans to acquire 100%of Lithea's 100%shares chairman of Lithea, saying that it has increased the layout of lithium ore resources in Argentina

On the evening of July 11, Ganfeng Lithium (SZ002460, closing price of 101.19 yuan, market value of 204 billion yuan) announced that the company's wholly -owned subsidiary Ganfeng International Co., Ltd. or its wholly -owned subsidiary intends to acquire Lithea Inc. Company ( The following referred to as "LITHEA") does not exceed 100%of the shares. The total consideration of this acquisition is not more than 962 million US dollars. The total purchase price includes the value of all the equity value of Lithea and the value of Lithea related debts that the company will bear.

The announcement shows that Lithea is mainly engaged in the acquisition, exploration and development of lithium mining rights. The main asset PPG project is a lithium salt lake project located in Salta Province, Argentine, including two lithium salt lake assets of Pozuelos and Pastos Grandes.

Tonight, Li Liangbin, chairman of Ganfeng Lithium, said in an interview with the reporter of "Daily Economic News" that the quality of Lithea's Lithea company acquired by the company is very good and will continue to increase the layout of lithium ore resource layout in Argentina.

On May 30 this year, Ganfeng Lithium Argentina's Mariana salt lake project held a opening ceremony. According to reports, the Mariana project is located in Salta, Argentina, with a total lithium resource of about 8.12 million tons of LCE. Ganfeng Lithium Industry holds 100%equity of the project. The project was approved by the environmental impact report issued by the Salta government in Argentina in 2021, and began construction in the early stage. It is expected to invest about $ 600 million to build a lithium lithium chloride factory with an annual output of about 20,000 tons. The product is mainly used for export, and at the same time meet the demand for lithium battery in the northern Argentine solar electric vehicle.

As one of the largest lithium ore suppliers in Argentina, it not only attracted the attention of Ganfeng Lithium, but also the Tibet Mount Everest (SH600338, the stock price of 31.65 yuan, a market value of 28.935 billion yuan), Zijin Mining (SH601899, 9.05 yuan, a market value of 238.280 billion yuan ) Many mining companies have deployed Argentine Salt Lake.

Daily Economic News

- END -