The implications of China's lithium mine restart - Australian Resources & Investment

Australian Resource & Investment

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The implications of China's lithium mine restart - Australian Resources & Investment

Image: Henri Koskinen/stock.adobe.comAustralian lithium stocks pulled back this week on news that a key lithium mine in China had reopened. Pilbara Minerals dropped five per cent from $2.23 per share to $2.11 per share on Tuesday, while Liontown Resources fell nine per cent to $0.60 per share and Mineral Resources dropped as low as $31.62 at midday on Wednesday (from a peak of $35.18 the day before). Reports arose on Tuesday that CATL, which occ…

dossierpolitico.com

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Reuters Buenos Aires. The Chinese company Ganfeng Lithium began on Wednesday the production of lithium chloride from its Mariana Project with the inauguration of a plant in northwest Argentina, reported in a statement. The plant, located in the industrial park of General Güemes in the province of Salta, demanded an investment of 790 million dollars and has a productive capacity of 20,000 tons of lithium chloride per year. In addition, for the Ma…

Bloomberg Linea

Factuality

Ownership

This Wednesday the sixth lithium plant in Argentina came into production. The third in Salta province and the first that has as its sole owner a Chinese company: Ganfeng Lithium. It is the third company that enters into production from 2024, in the context of depressed prices for this mineral whose demand has grown in recent years because of its use in batteries and electric cars. Ganfeng, which is in all segments of the lithium business -from t…