Announced
Completed
Financials
Sources
Tags
lithium mining
Argentina
Nonferrous Metals
Single Bidder
Majority
Friendly
Private
Acquisition
Cross Border
Completed
Synopsis
Ganfeng Lithium, China's biggest lithium compounds producer, completed the acquisition of Lithea, which owns rights to two lithium salt lakes in Argentina's mineral-rich Salta province, from Pluspetrol Resource, an oil and gas exploration company, for $962m. The deal comes amid a rush to secure lithium resources as demand for the metal soars on expectations of rapid growth in electric vehicle demand.
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