Ganfeng Lithium is to invest $160m in Argentina's Cauchari-Olaroz lithium project. The investment will increase the company's stake in the project to 50% from 37.5%, with Lithium Americas holding the remaining 50%. The project is scheduled to start operations in Monday, with the two companies set to work on increasing output at the site to 40,000 tonnes per year from 25,000 tonnes.
Ganfeng Lithium is to invest $160m in Argentina's Cauchari-Olaroz lithium project. The investment will increase the company's stake in the project to 50% from 37.5%, with Lithium Americas holding the remaining 50%. The project is scheduled to start operations in the second half of next year, with the two companies set to work on increasing output at the site to 40,000 tonnes per year from 25,000 tonnes.