Ganfeng Lithium (HKG:1772, SHE:002460) partnered with Lithium Argentina to develop the Pozuelos-Pastos Grandes salt lake basin located in Argentina, according to a Shenzhen Stock Exchange filing on Saturday.
The basin's three brine lakes, PPG, PG and SDLP lithium brine lakes, will be integrated into one project, with a phased development plan to be formulated.
The project plans to adopt the direct lithium extraction technology, eventually producing 150,000 tons of lithium carbonate equivalent every year. The salt lake is expected to produce lithium chloride or lithium carbonate, depending on customer preference and cost optimization.
A letter of intent is signed by both parties for the project, the filing said.
The company's Hong Kong shares jumped 5% and Shenzhen shares rose less than 2% in recent trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。