Raw Materials

Lithea's main asset, the PPG project, is a lithium salt lake project in Argentina that includes two lithium salt lake assets.

A subsidiary of Tianqi Lithium has signed an agreement with LG Chem to sell lithium hydroxide to the latter from January 1, 2023 to December 31, 2026.

Gotion batteries produced in Argentina are expected to be used in Germany, India, the United States, Spain and Vietnam, it said.

It was previously rumored that Tesla would participate in the share subscription for Tianqi Lithium, although this was not confirmed.

Some of the lithium mines will start shipping next month and are expected to be available for use in BYD's batteries in the third quarter, according to local media.

A month ago, CATL also acquired exploration rights in Yifeng county, Jiangxi province, where Gotion was awarded the rights.

This is the first lithium supply contract BYD has secured after its strategic stake in Shenzhen Chengxin, which is expected to give it a more stable supply of raw material.

An Argentine state-owned company will provide Gotion with prospecting and mining rights to explore a potential lithium resource of about 17,000 hectares.

A subsidiary of CATL has acquired the exploration rights to the lithium mine, which is expected to hold 2.66 million tons of lithium metal oxide, for RMB 865 million.

Svolt Energy and BASF Shanshan will each take a 10 percent stake in Yongshan Lithium.