Argentina Lithium: China’s Ganfeng Locks In a Three-Project Salta Megadevelopment
China's Ganfeng signed definitive deals to consolidate three Salta lithium projects into the PPG joint venture, targeting 150,000 tonnes a year, plus a US$180 million investment in Lithium Argentina. The post Argentina Lithium: China’s Ganfeng Locks In a Three-Project Salta Megadevelopment appeared first on The Rio Times .
China's largest lithium producer, Ganfeng Lithium, has secured control of a three-project megadevelopment in Argentina's Salta province. This partnership with Lithium Argentina involves a US$180 million investment through a six-year convertible note, which the Argentinian company plans to use for debt repayment and debt facility termination.
The joint venture, known as PPG, will be operated by Ganfeng and will have a combined production target of 150,000 tonnes per year of lithium carbonate equivalent in three phases. The deal is expected to close in September 2026, pending approvals from the Toronto and New York stock exchanges, and the decision on whether the venture will qualify for Argentina's Large Investment Incentive Regime (RIGI).
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