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"Lithium War" ended: Ganfeng Lithium defeated the Ningde era!
There will be conflicts, there will be "competition". Recently, the acquisition of Millennial, a Canadian lithium company, will welcome new progress. However, this time it is Ganfeng Lithium that defeated the Ningde era .

"Battle of Lithium Grab" ends temporarily

According to foreign media reports, on November 1, American lithium company Lithium Americas made a purchase offer to Canadian lithium company Millennial with a stock of 400 million US dollars plus cash, defeating the previous CATL era of 377 million Canadian dollars (about 298 million US dollars). ) Quotes.

It needs to be pointed out that Ganfeng Lithium is the largest shareholder of Lithium Americas. From this point of view, it means that the competition around Millennial will return to the hands of the two Chinese companies, Ganfeng Lithium and Ningde Times. This time, Ganfeng Lithium has a greater win.

It is reported that Lithium Americas' acquisition price is 4.70 Canadian dollars (3.80 U.S. dollars) per share, payable in Lithium Americas common stock plus 0.001 Canadian dollars in cash. Based on the closing price on October 29, Millennial shareholders will own approximately 9.9% of Lithium Americas.

Millennial said that if CATL is to compete with Lithium Americas, it can modify the offer before November 16. So far, CATL has not responded to this.

According to data, Millennial is a Toronto-listed company in Canada, mainly engaged in the acquisition, exploration and development of lithium mining rights. It holds 100% interest in the PastosGrandes lithium salt lake project and the Cauchari East lithium salt lake project.

According to a report in June, the measured and indicated lithium carbonate equivalent of the two salt lakes is about 4.12 million tons. If it can successfully acquire Millennial, Lithium Americas will obtain 24,000 tons of battery -grade lithium carbonate annually in the next 40 years .

Among them, the PastosGrandes lithium salt lake project is estimated to have a resource of 798,000 tons of lithium carbonate. Currently, an annual production capacity of 24,000 tons of lithium carbonate is planned, and the project's capacity is still under construction. The CauchariEast lithium salt lake project is currently in the early stages of exploration.

In fact, Lithium Americas' takeover offer is the third takeover offer Millennial has received since July this year.

According to the timeline, Ganfeng Lithium is the first company to propose the acquisition of Millennial. In July of this year, Ganfeng Lithium made a tender offer for no more than 353 million Canadian dollars (about 1.79 billion yuan).

In September, Ningde Times "came out" halfway through, and offered an offer that was about 7% higher than that of Ganfeng Lithium, to acquire Millennial at a price of C$3.85 per share, with a total offer price of C$377 million.

On September 29, Ganfeng Lithium issued an announcement stating that the company received a notice from Ganfeng International that because Millennial received a "better offer" from its competitors and Ganfeng International did not choose to increase the offer price within the agreed period. Millennial has unilaterally terminated the tender offer cooperation agreement with Ganfeng International, and has paid Ganfeng International a cooperation termination fee of US$10 million.

Now, the latest development is that the initiative has come to Lithium Americas, where Ganfeng Lithium is the largest shareholder, and before November 16, this "war of grabbing lithium" will temporarily come to an end.

Ganfeng Lithium does not stop

Less than a month after deciding not to raise the Millennial tender offer, Ganfeng Lithium aimed at overseas resources and then made another move.

On the evening of October 20th, Ganfeng Lithium announced that it planned to acquire 8.58% of its shares in Litio from International Lithium through its wholly-owned subsidiary, Ganfeng, the Netherlands.

The transaction consideration is the company’s own funds of 10 million U.S. dollars and the exempt company’s full

The historical development loan and interest of the subsidiary Ganfeng International to the international lithium industry have a total transaction amount of US$13,178,200.

At the same time, the announcement stated that the transaction has been completed recently, and the company indirectly holds 100% equity of Litio and its Mariana lithium salt lake project.

Before the completion of this transaction, Ganfeng Lithium indirectly held 91.42% of Litio's equity, and International Lithium held 8.58% of its equity; after the completion of this transaction, the company indirectly held 100% of its equity.

Litio's main business is mineral exploration and investment, and it owns 100% equity in the Mariana Lithium Salt Lake Project in Salta Province, Argentina. Currently, the Mariana Lithium Salt Lake Project holds 18 mining licenses and exploration licenses in Salta Province, Argentina.

In addition, Ganfeng Lithium Industry recently won another large order for Tesla's lithium hydroxide. According to the announcement, Ganfeng Lithium and its wholly-owned subsidiary Ganfeng International have signed a "Product Supply Contract" with Tesla, agreeing to supply Tesla to Tesla from January 1, 2022 to December 31, 2024 For battery-grade lithium hydroxide products, the actual purchase quantity and sales amount are subject to the purchase order issued by Tesla.

This contract will be fulfilled and confirmed revenue from 2022 to 2024. This is also the first time that Ganfeng Lithium has won a Tesla long-term order after three years.

Ningde era keeps stocking up

Naxiang Ganfeng Lithium has been making continuous efforts to target lithium resources, and this Ningde era is also accelerating its stockpiling.

On November 1, Global Lithium Resources Limited, a lithium company listed on the ASX, announced that the company has received a strategic investment of A$6.2 million from Tianyi Lithium, and Tianyi Lithium as a cornerstone investor has obtained a 9.9% stake in Global Lithium. Related funds will be used for rapid exploration of the Marble Bar Lithium Project.

It is reported that the MBLP lithium mine project has identified an Inferred Mineral Resource in the Archer deposit with a reserve of 10.5 million tons and a lithium oxide content of 1.0%.

Days to lithium industry was established in November 2018 by the Suzhou Tianhua clean (68%) and Ningde age (25%) joint venture, focused on the development, production and sales of battery grade lithium hydroxide and other lithium battery material products.

Currently, Tianyi Lithium operates a lithium hydroxide plant with an annual production capacity of 20,000 tons in Yibin, Sichuan, and plans to increase its annual production capacity by 25,000 tons by the end of 2021, and at the same time carry out the third phase of expansion by the end of 2024 , Eventually bringing the annual production capacity to 110,000 tons. If the above plan is achieved as scheduled, Tianyi Lithium will become one of the largest suppliers of lithium chemical products in China.

In addition, through the signing of the agreement between the parties, Tianhua Ultra-Clean has secured an annual supply of 380,000 to 470,000 tons of spodumene concentrate, and it is initially estimated that it can guarantee a production capacity of about 60,000 to 70,000 tons of lithium hydroxide.

It is worth noting that on September 27, Tianhua Super-Clean announced that Tianhua Times intends to develop a joint venture with AVZ to develop the Manono project, and Tianhua Times acquired 24% of the Manono project for USD 240 million (approximately RMB 1.552 billion). .

Manono Lithium Mine is located in the Congo (DRC) and is currently one of the largest and highest grade hard rock lithium deposits discovered. It is estimated that the lithium resource reserves are 400 million tons, and the lithium oxide grade is 1.65%, which is equivalent to 3.63 million tons of LCE. The designed production capacity of the Manono project includes an annual output of 700,000 tons of lithium oxide, which is expected to be completed and put into operation in 2023.

Among them, what is the connection with the Ningde era? It is understood that Tianhua Times is jointly held by Pei Zhenhua, the actual controller of Tianhua ultra-clean, and Ningde Times. Ningde Times holds 25% of the shares, and Pei Zhenhua indirectly holds 5.42% of Ningde Times.

It can be seen that whether it is Tianyi Lithium, Tianhua Super Clean and Tianhua Times, the relationship with Ningde Times is very close. The three companies have successively won lithium mining resource projects. In terms of the supply of lithium battery raw materials in Ningde Times It is a huge guarantee of stability.