ENERGY MINERALS

Ganfeng likely to drop Millennial bid

China’s Ganfeng Lithium is likely to relinquish its pursuit of Argentina-focused brine developer Millennial Lithium after being outbid by Contemporary Amperex Technology Co. Ltd, the world’s largest EV battery manufacturer, Bloomberg reported on Tuesday.

Millennial Lithium's Pastos Grandes project in Salta province, Argentina

Millennial Lithium's Pastos Grandes project in Salta province, Argentina

People familiar with the matter said Ganfeng was not keen to enter a bidding war with CATL, according to the news agency. However, the issue is not yet cut and dry, with Bloomberg's sources saying Ganfeng...

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