Eramet takes full control of lithium project

Eramet reclaims full ownership of lithium operations in Argentina
French mining company Eramet has acquired Tsingshan Group's 49.9% stake in Eramine Sudamerica for $699m (€645.83m) to regain full ownership of its Argentinian subsidiary. Eramet’s Argentinian subsidiary is strategically positioning itself to fully control the development of the Centenario lithium project.
Eramet surges after buying remaining stake in Argentina lithium project
Eramet (OTCPK:ERMAF) (OTCPK:ERMAY) +8.2% in European trading Thursday after the French miner agreed to acquire full control of a lithium project in Argentina from Chinese partner Tsingshan Holding Group in a deal worth $699M.
Eramet Buys Out Tsingshan From Argentina Lithium Project
French miner Eramet SA will buy back Tsingshan Holding Group Co.’s stake in an Argentinian lithium project, marking a rare retreat for the Chinese conglomerate from an expansion beyond its core nickel business.
Eramet regains full ownership in its flagship Lithium business in Argentina
Paris, October 24th, 2024 - 7:00am PRESS RELEASE Eramet regains full ownership in its flagship Lithium business in Argentina Buy-out of Tsingshan’s interest (49.9%) in Eramet’s subsidiary hosting the world-class Centenario project,
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