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Bloomberg · United States · GanFeng achieved 500 Wh/kg in a solid-state cell and disclosed a $3 billion-plus Argentina brine JV seeking a Western equity partner
Reports GanFeng's disclosure that its Pozuelos-Pastos Grandes lithium brine joint venture in Salta, Argentina, is actively seeking a third equity partner with Western market access. The JV is valued at over $3 billion, targeting 50,000 tonnes per year of lithium carbonate equivalent at full production. GanFeng seeks non-Chinese equity specifically to facilitate IRA-qualified and EU Critical Raw Materials Act-compliant offtake contracts, which Chinese state-owned co-investors cannot unlock.
“GanFeng's $3bn-plus Pozuelos-Pastos Grandes JV is seeking a Western equity partner specifically to unlock IRA-qualified and CRMA-compliant offtake that Chinese co-investors cannot provide.”