Lithium Americas’ Breakup Is Really About China, Executive Says
A person holds 9% lithium at a lithium mine.
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Lithium Americas Corp.’s decision to split the company came down to one thorny issue: US-China relations.
The mining company announced a plan in November to separate its Argentine and North American units into two separate entities. If approved by shareholders, the split would effectively distance it from one of its top shareholders, Ganfeng Lithium Group Co., a Chinese producer of the white, slivery metal. Ganfeng partnered with Lithium Americas in 2017 to help advance the project in Argentina.