Ganfeng Lithium
Jiangxi Province, China | |
Key people | Li Liangbin (李良彬, chair) Wang Xiaoshen (王晓申, vice-chair and president) |
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Products | Lithium products and other metals |
Number of employees | 7,870 (2020) |
Website | http://www.ganfenglithium.com/ |
Ganfeng Lithium | |
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Hanyu Pinyin | Gànfēng Lǐ Yè |
Ganfeng Lithium Co., Ltd. is a company that produces
Origins
Ganfeng Lithium was founded in 2000
The company started out in chemical processing, but it has expanded its scope by developing mines internationally.
Products and activities
Described as a "lithium supermarket", Ganfeng sells a wide variety of lithium and related products, including
Ganfeng invests in lithium projects overseas[2] and says its "strategy is to secure long-term competitive resources".[7] It owns three lithium brine projects in Argentina[4] and was the largest shareholder of Lithium Americas in 2021.[12] In 2014, Ganfeng invested in the Mariana lithium-potassium brine project in Argentina.[5] In 2015, the company invested in the Australian company Reed Industrial Minerals, gaining rights to its Mount Marion spodumene project.[5] In 2021, it acquired a 50% ownership stake in the Goulamina mine, a lithium mine in Mali's Ségou Region.[13][14][15][16] The company also has investments and contracts in China,[15] Ireland,[15] Mexico,[15][2] and the Democratic Republic of the Congo.[15]
This international scope makes Ganfeng vulnerable to geopolitical tension.[2] Its former supplier Joe Lowry said that the company would be "treading a fine line" between international pressures; Ganfeng risks being affected by US government actions targeting Chinese companies or by Chinese government intervention in the electric vehicle industry.[2] Governments in Latin America have also taken steps that may limit Ganfeng's opportunities there; for instance, Mexican president Andrés Manuel López Obrador has worked to nationalize the country's lithium.[8][17]
Stock market listings
The company is
On 10 August 2010, the company had an
On 11 October 2018, it had an IPO on the main board of the Hong Kong Stock Exchange at a list price range of 16.50–26.50
In July 2022, Ganfeng announced that it was being investigated by the China Securities Regulatory Commission in a possible insider trading case.[9] The company's stock fell 7% on the Shenzhen stock exchange after the announcement.[23]
See also
References
- ^ a b "贛鋒鋰業股份有限公司業務資料". Archived from the original on 2021-03-05. Retrieved 2022-05-04.
- ^ a b c d e f g h i j k l m "China's lithium champion Ganfeng mints money but walks a fine line". Financial Times. 19 August 2022. Retrieved 13 October 2022.
- ^ a b "China's lithium giant buys Argentina mine to boost battery resource". South China Morning Post. 12 July 2022. Retrieved 13 October 2022.
- ^ a b c d "贛鋒鋰業股份有限公司歷史". Archived from the original on 2022-06-23. Retrieved 2022-05-04.
- ^ a b "Ganfeng Lithium Co., Ltd". p. 116. Retrieved 13 October 2022.
- ^ a b "China's Ganfeng prepares for electric car buying rush". Financial Times. 6 July 2017. Retrieved 15 October 2022.
- ^ a b c "China's Ganfeng Lithium stakes out overseas claims in hot market". Nikkei Asia. Retrieved 15 October 2022.
- ^ a b c d "China probes Tesla supplier Ganfeng Lithium for suspected insider trading". South China Morning Post. 4 July 2022. Retrieved 13 October 2022.
- ^ "Electric cars: China powers the battery supply chain". Financial Times. 22 May 2019. Retrieved 15 October 2022.
- ^ "Shares in China's lithium producer Ganfeng surge 10% on Tesla deal". Financial Times. Retrieved 15 October 2022.
- ^ Penn, Ivan; Lipton, Eric; Angotti-Jones, Gabriella (6 May 2021). "The Lithium Gold Rush: Inside the Race to Power Electric Vehicles". The New York Times. Retrieved 13 October 2022.
- ^ "China's Ganfeng Lithium buys lithium mines in Argentina". Financial Times. 11 July 2022. Retrieved 13 October 2022.
- ^ "China's biggest lithium group seals deal for UK-listed Bacanora". Financial Times. 25 August 2021. Retrieved 15 October 2022.
- ^ a b c d e "China's Ganfeng to pay $130 million for stake in Mali lithium mine". Reuters. 14 June 2021. Retrieved 13 October 2022.
- ^ "Firefinch and China's Ganfeng take FID for Mali lithium project". Mining Technology. 4 January 2022. Retrieved 13 October 2022.
- ^ "Mexico nationalises lithium in populist president's push to extend state control". Financial Times. 20 April 2022. Retrieved 15 October 2022.
- ^ "赣锋锂业股份有限公司招股公告". Shenzhen Stock Exchange. 2010-07-27. Archived from the original on 2022-05-05.
- ^ "赣锋锂业香港IPO拟集资33-53亿元". Jiangxi Daily. 2018-10-10. Archived from the original on 2022-07-02.
- ^ "赣锋锂业股份有限公司招股資料" (PDF). Archived from the original (PDF) on 2022-05-04. Retrieved 2022-05-04.
- ^ "赣锋锂业股份有限公司招股公告" (PDF). Archived from the original (PDF) on 2022-05-05. Retrieved 2022-05-04.
- ^ "China's Ganfeng Lithium Prices IPO at bottom of range raising $422m". www.ft.com. Retrieved 15 October 2022.
- ^ "Chinese Tesla lithium supplier probed for insider trading". Financial Times. 4 July 2022. Retrieved 15 October 2022.