Although the price all the way down so that once hot lithium salt products scenery is no longer, but the industrial chain of companies for the pursuit of resources is still full of enthusiasm. Ganfeng lithium officially announced with the Australian lithium mining big Pilbara hand in hand to develop upstream resources. The two sides intend to cooperate in the agreement each contributing 50% to carry out the feasibility study of the lithium chemical plant project, and according to the results of the feasibility study by the two sides jointly approved to promote the final investment decision and the establishment of the joint venture company. Pilbara will supply 300,000 tons of lithium concentrate annually to the joint venture company. Pursuant to the agreement, Pilbara will sign an underwriting agreement with the joint venture company, under which Pilbara will supply 300,000 tons of lithium concentrate to the joint venture company annually for a period of 15 years. This cooperation between Ganfeng Lithium and Pilbara has a high degree of inclusiveness. According to the agreement, if the final investment decision is not approved, Pilbara will supply Ganfeng Lithium with an additional 100,000 tons of lithium pyroxene concentrate per year from 2027 to 2030, on top of the existing underwriting agreement, while exempting the two sides from the underwriting obligation of the Pilgangoora Phase II expansion previously agreed upon.

In fact, this is not Ganfeng Lithium's first cooperation with Pilbara this year. In retrospect, January 15 this year, Ganfeng Lithium and Pilbara signed a large single, Pilbara will Ganfeng Lithium to increase the supply of lithium pyroxene concentrates, from the previous 160,000 tons per year to the next three years of 310,000 tons per year.

Ganfeng lithium industry directly, again cooperation is conducive to deepen the cooperative relationship with the supplier Pilbara, to ensure the stable supply of raw materials, while increasing the company's lithium compound production capacity, improve the diversified layout of lithium compound production capacity, and improve the supply capacity of lithium compounds.

Source: Shanghai Securities News