Posted on 18 Aug 2025
China’s Ganfeng Lithium and Switzerland-based Lithium Argentina (LAR) have agreed a new joint venture deal to consolidate three lithium projects in Argentina’s Salta province.
Kallanish learns that the agreement will combine Ganfeng’s solely owned Pozuelos-Pastos Grandes project with LAR’s 85%-owned Pastos Grandes project and 65%-owned Sal de la Puna project. Together, they will form the PPG project, to be 67% owned by Ganfeng and 33% by Lithium Argentina.
The companies say they have invested around $1.8 billion in acquisition and development costs across the combined PPG assets.
The new project will target production of 150,000 tonnes/year of lithium carbonate equivalent in three phases of 50,000 t/y. They will use a mix of direct lithium extraction and solar evaporation to enhance scalability and improve efficiency.
According to Lithium Argentina, the JV will be among the largest operations globally.
“This transaction builds on our successful partnership with Ganfeng at Cauchari-Olaroz, Argentina’s largest lithium operation,” comments Sam Pigott, ceo of Lithium Argentina. “With this transformative step forward, we are increasing our ownership into the Pozuelos basin and aligning our interests around a substantially larger-scale operation.”
The deal, which is expected to close in Q1 2026, includes a $130 million debt facility provided by Ganfeng over six years. This comes with the right to 50% offtake, capped at 6,000 t/y, to Ganfeng.
Source:Kallanish
