trending Market Intelligence /marketintelligence/en/news-insights/trending/AFFR5cNNgxRsbFxG5XGlgg2 content esgSubNav
In This List

Ganfeng, Lithium Americas to invest US$230M in Cauchari-Olaroz lithium project

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Ganfeng, Lithium Americas to invest US$230M in Cauchari-Olaroz lithium project

Ganfeng Lithium Co. Ltd. and Lithium Americas Corp. will invest US$230 million in their Minera Exar SA joint venture, which operates the Cauchari-Olaroz lithium project in Argentina, according to a statement Ganfeng filed March 8.

Ganfeng said its wholly-owned subsidiary GFL International Co. Ltd. will commit a maximum of US$100 million this year to fund Cauchari-Olaroz and Lithium Americas, which owns 62.5% in Miner Exar, will pay for the remaining amount. GFL International in August 2018 bought a 37.5% stake in Minera Exar from Sociedad Quimica y Minera de Chile SA for US$87.5 million.

Ganfeng said the construction of the campsite, mines and salt ponds started at the Carchari-Olaroz project in the first quarter. It is expected to enter production in the first half of 2020 with an annual capacity of 25,000 tonnes of lithium carbonate.