Who is Ganfeng Lithium, the Chinese giant behind the mine in Sonora?


Source: bullfrag.com bullfrag.com

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Ganfeng set its sights on Mexico in 2019, investing in the share capital of the British company Bacanora Lithium, thereby acquiring a 22.5% stake in the Sonora Lithium project. In the same year, it signed a strategic cooperation memorandum with Volkswagen to supply lithium chemicals and its suppliers for the next decade. Until the end of last year, the deposit in Mexico was an operating holding, which was 77.5% in the hands of Bacanora Lithium and the rest in those of Ganfeng. Under file CNT-097-2021, the Federal Economic Competition Commission approved the concentration request between the companies, in such a...