Ganfeng Lithium announced that the company and Lithium Argentina AG signed a letter of intent for the joint development of salt lakes. The two parties will jointly develop the Pozuelos-Pastos Grandes salt lake basin in Argentina. The salt lake basin consists of three lithium salt lake projects, namely the PPG lithium salt lake project wholly owned by Ganfeng Lithium, the PG lithium salt lake project jointly held by the two parties (Ganfeng Lithium holds 14.89% of the shares and LAR holds 85.11%), and the SDLP lithium salt lake project (Ganfeng Lithium holds 35% of the shares and LAR holds 65%). The two parties intend to integrate the three projects into a new project "PPGS lithium salt lake project" and formulate a phased development plan. The production process plan of the PPGS lithium salt lake project partially adopts direct lithium extraction technology, and the long-term planned annual production capacity can reach 150,000 tons of LCE. The products will include lithium chloride or lithium carbonate.