Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) signed a cooperation agreement with Australia’s Pilbara Minerals Limited (Pilbara) to study the feasibility of establishing a 50:50 joint venture lithium refinery.
Based on the results of the feasibility study, the two parties will jointly approve the final investment decision and establish this joint venture. If the final investment is made and proceeded with, the two parties will own 50% of the joint venture, respectively, and Pilbara will sign an exclusive sales agreement with the joint venture to supply 300,000 tons of lithium concentrate per year for a term of 15 years.
(From a Ganfeng Lithium press release dated March 26, 2024)