Ganfeng buys lithium assets in Argentina

Ganfeng buys lithium assets in Argentina

M&A Argentina Canada China Latin America Electricity Gas Oil

China's Ganfeng Lithium Co, one of the world’s biggest lithium producers, said Monday it has reached an agreement to buy 100% of Lithea for $962 million, gaining it more lithium resources for development in Argentina. The Xinyu, China-based company will buy Lithea, a unit of Canada's LSC Lithium, from the parent company, Buenos Aires-based Pluspetrol, according to a securities filing with the Shenzhen Stock Exchange. The deal, which is subject to certain approvals, will gain Ganfeng assets in th

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