Top Lithium Producer Ganfeng Prices Hong Kong IPO at Bottom of Range

Chinese top lithium producer Ganfeng Lithium (SZSE:002460) has priced its Hong Kong listing at the bottom of its marketed range, raising US$ 424 million, according to sources. According to the terms of the initial public offering (IPO) revealed last week, the Jiangxi-based company was looking to offer 200.2 million shares priced at between HK$ 16.50 […]

Top Lithium Producer Ganfeng to Raise US$676 Million in Hong Kong IPO

Top lithium producer Ganfeng Lithium (SHE:002460) is looking to raise up to US$ 676 million in its Hong Kong initial public offering. The company said it has secured six cornerstone investors, which include top battery makers. According to the terms of the deal, the Jiangxi-based company will be offering 200.2 million shares priced at between […]

Chinese Top Lithium Producer Ganfeng Jumps on Tesla Deal

Shares of Chinese top lithium producer Ganfeng Lithium (SHE:002460) jumped more than 10 percent on Friday (September 21) after the miner signed a supply deal with electric car maker Tesla (NASDAQ:TSLA). Ganfeng said it will supply lithium hydroxide products for Tesla’s batteries from 2018 to 2020, but the deal could be extended by three years. […]

Ganfeng Buys SQM’s Stake in Lithium Americas’ Argentina Project

Vancouver-based Lithium Americas (TSX:LAC,NYSE:LAC) has signed a strategic deal with Ganfeng Lithium (SZSE:002460) to further develop its Cauchari-Olaroz brine project in Argentina, the company announced on Monday (August 13). Under the deal, the top Chinese lithium producer will purchase SQM’s (NYSE:SQM) 50-percent interest in the project for US$ 87.5 million in cash plus a deferred payment […]