Ganfeng plans to increase their annual production capacity from current 120,000 tons LCE to 600,000 tons LCE by 2030. That's 480,000 tons LCE per year resource needs to be filled, massive lithium deposits to be developed.
Recently Ganfeng has been aggressively acquiring lithium projects including brine, clay and hard rock projects (I've made a summary as illustrated):
Ganfeng holds PLS and GLN.
Thematica Future Fund portfolio as at 30 June 2021:
- Ganfeng is the second largest holding,
- GLN is the fourth largest holding,
- PLS is the tenth largest holding.
LKE is a good comparison for GLN as both in Argentina.
Currently LKE's enterprise value is $153m higher than GLN's.
Enterprise value:
- LKE: $383m
- GLN: $230m
Please let me know if there is any error.
All IMO, NOT financial advice.
Gook luck ALL!
Compelling opportunity, page-2389
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