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Paris – Eramet has bought out Chinese partner Tsingshan in a lithium project in Argentina that is about to begin production, the French miner said on Thursday.The Centenario project, due to start production in the coming weeks, was attractive despite a drop in lithium prices and full ownership would let Eramet decide how to pursue a planned second production facility, Chair and CEO Christel Bories told reporters on a call.
Metals group Tsingshan built the initial processing plant at Eramet’s lithium mine, with a target to reach annual capacity of 24,000 metric tons by mid-2025. statement, Eramet also announced the suspension of a project to develop recycling of electric vehicle batteries in France, citing slow development of the market in Europe.
The reduced spending partly reflected a delay at the second plant in Argentina, with a decision expected next year and construction potentially starting in 2026, Chief Financial Officer Nicolas Carre told an analyst call. Construction had been expected to begin next year.
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