China’s Ganfeng completes majority stake acquisition in Argentina lithium project

By Dalila Ouerghi
Published: Friday, 28 August 2020

China’s Ganfeng Lithium has finalized the acquisition of a majority stake in Minera Exar, the company jointly owned with Argentinian miner Lithium Americas, for the development of the Cauchari-Olaroz lithium project in Argentina, Lithium Americas said on Friday August 28.

Minera Exar owns 100% of the Cauchari-Olaroz lithium project located in Jujuy province in northwest Argentina.

Following the completion of the majority stake acquisition, Ganfeng owns 51% of Exar Minera while Lithium Americas holds the remaining 49%.

In February, Ganfeng Lithium agreed to pay $16 million to raise its ownership...

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