What is Ganfeng up to with all this M&A?
That’s the question I was asked at a recent interview. The answer was really easy – they’re doing what all the world’s auto producers ought to be doing. They’re effectively locking up the next tier of lithium projects. They’re buying marginal projects on the cheap because they have a view that lithium’s going to be in short supply, and these projects can create a substantial supply chain for them. And, just as importantly, they’re paying great prices! This month it was Millennial Lithium (TSXV:ML) which they snapped up for C$353m (US$283m) or US$93/tonne LCE resource, last month it was Firefinch’s...
Topics
Bacanora Lithium
Firefinch
Ganfeng Lithium
Lithium
Millennial Lithium
Mt Marion
