Ganfeng, Lithium Argentina seek a third investor for lithium project

Chinese miner Ganfeng Lithium and its Swiss partner Lithium Argentina are seeking a third investor for the Pozuelos-Pastos Grandes lithium project in northern Argentina, the president of Lithium Argentina told Reuters on Thursday.

Argentina, Chile and Bolivia are part of the so-called “Lithium Triangle,” which concentrates the largest global reserves of the white metal used in electric vehicles and batteries. There are six lithium projects in operation in Argentina, the world’s fourth largest lithium exporter.

The Pozuelos-Pastos Grandes project in the province of Salta is expected to produce 150,000 metric tons of lithium per year, with an investment exceeding $3 billion over three stages, said Ignacio Celorrio of Lithium Argentina.

A third investor will be chosen in the coming months, he said, without giving further detail.

In March, Ganfeng applied to include the project in Argentina’s Large Investment Incentive Regime (RIGI), which provides tax benefits and long-term stability for investments greater than 200 million dollars.

Ganfeng and Lithium Argentina, along with the firm JEMSE, also operate the Cauchari-Olaroz lithium project in the neighboring province of Jujuy. In May, the project received approval to join the RIGI for a 1.2 billion dollar expansion.

Argentina also exports gold and silver and has copper projects under development, most of which are expected to begin production around 2030. Its total mining exports reached $6.073 billion in 2025 and will climb to $9 billion in 2026, according to a projection by the Argentine Chamber of Mining Companies (CAEM).

(Reporting by Lucila Sigal; additional reporting and writing by Leila Miller)