Core Viewpoint - Ganfeng Lithium's stock has increased by over 3%, reaching HKD 55.9, following the announcement of a significant development in its joint project with Lithium Argentina [1] Group 1: Project Development - On November 10, Ganfeng Lithium announced that the Salta Province's Mining and Energy Secretariat in Argentina has issued the Environmental Impact Assessment Report (DIA) for the joint project, marking a critical advancement [1] - The joint project is planned to submit an application for the Large Investment Incentive Regime to the Argentine government in the first half of 2026, aiming to secure local government support and fiscal incentives [1] - The project is designed with an annual production capacity of approximately 150,000 tons of Lithium Carbonate Equivalent (LCE), to be developed in three phases, with a lifespan of 30 years [1]

Core 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]