Xin Lang Cai Jing·2025-11-10 10:22Core Insights - Ganfeng Lithium announced significant progress in the development of the PPGS lithium salt lake project in Argentina, having received the Environmental Impact Assessment Report from local authorities [1] - The project is set to submit a large-scale investment application in the first half of 2026 [1] - Ganfeng International and LAR hold 67% and 33% equity stakes in Millennial, respectively [1] Project Details - The project has approximately 15.07 million tons of LCE (Lithium Carbonate Equivalent) proven and controlled resources [1] - The designed annual production capacity is around 150,000 tons of LCE, with construction planned in three phases [1] - The average operating cost for producing 150,000 tons of LCE per year is $5,027 per ton, while the first phase, with an annual output of 50,000 tons of LCE, has an operating cost of $5,344 per ton [1]