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The Chinese language battery metals firm Ganfeng Lithium Co. will spend $962 million to purchase 100% of the Argentinian lithium compounds producer Lithea. The corporate owns lithium salt lakes with a capability of 30,000 tons of lithium carbonate per 12 months.
Ganfeng Lithium has expanded quickly, with tasks in Mexico, Eire, and Mali. Different Chinese language battery metals giants like Zijin are additionally pouring cash into Argentina, seen because the nation with the most important pipeline of lithium merchandise.
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