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Benzinga
Benzinga
Business
The Bamboo Works

Cash-Rich Ganfeng Lithium Sees Tasty Diversification in Smaller Rare Metals Producer

Ganfeng lithium Ganfeng Lithium

Key Takeaways:

  • Ganfeng Lithium will pay HK$240 million for 16.7% of Ximei Resources, a producer of tantalum and niobium.
  • Purchase will diversify Genfeng’s business, and make use of its fat profits built on skyrocketing lithium prices
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