trending Market Intelligence /marketintelligence/en/news-insights/trending/oVFDJyz3juT9B0-lK7Q9Gg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

ASX-listed Galan Lithium rises after China's Ganfeng becomes shareholder

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


ASX-listed Galan Lithium rises after China's Ganfeng becomes shareholder

Shares in ASX-listed Galan Lithium Ltd. jumped nearly 18% by Jan. 20 trading close after China's Ganfeng Lithium Co. Ltd. became a shareholder of the company.

Ganfeng joined Galan's register through its GFL International Co. Ltd. unit, a major shareholder of Havelock Mining Investment Ltd.

The announcement was made after Havelock founding partner and Galan shareholder Raymond Liu on Jan. 20 lodged a Form 604 notifying a change in his substantial holdings.

Havelock now owns an indirect 10.64% stake or 16,995,870 shares in Galan while Hongze Group Ltd. now owns an indirect 0.63% stake or 1 million shares in the company.

Galan is focused on exploring lithium brines within South America's lithium triangle on the Hombre Muerto salar in Argentina.

In December 2019, Ganfeng signed a five-year deal to supply lithium to Bayerische Motoren Werke AG.

In October 2019, Ganfeng flagged a yearly drop of 55% to 65% in its full-year 2019 earnings amid falling lithium prices.