LITHIUM
Ganfeng Lithium said on Tuesday it plans to buy a stake of at least 14.8% in a subsidiary of Lithium Americas Argentina, as China's leading lithium producer ramps up its efforts to secure resources.
Ganfeng Lithium will subscribe to up to $70-million worth of new shares in Proyecto Pastos Grandes (PGCO), with the proceeds to be used for the development of the Pastos Grandes lithium salt lake project in Argentina, the company said in a filing to the Shenzhen Stock Exchange.
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