Cash-Rich Ganfeng Lithium Sees Tasty Diversification in Smaller Rare Metals Producer
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
By Andrew Curran
Benzinga ·