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Eramet (EPA:ERMT), the French mining group, indicated that potential Chinese export restrictions on lithium extraction technology might pave the way for new opportunities, according to a Reuters report.
The company’s head pointed out the possibilities following Eramet’s recent initiation of lithium production in Argentina. China’s proposal to limit the export of technology essential for processing lithium, largely used in batteries, comes as a response to U.S. tariffs. It was reported that a Chinese firm has already ceased exporting sorbents, a crucial component in lithium processing.
Eramet’s Chair and CEO Christel Bories, during the annual results presentation, suggested that the Chinese export restrictions could open doors for Eramet. She mentioned the company’s consideration of leveraging its technologies and patents on sorbents to engage in new projects, which would involve not only providing technology but also participating in equity stakes.
The company’s Centenario project in Argentina commenced production last December, with goals to achieve an annual capacity rate of 24,000 metric tons of lithium carbonate equivalent by the end of this year. While Eramet contemplates expanding this project, Bories clarified that the company does not anticipate committing to further investments before the next year.
Furthermore, Eramet is actively engaged in discussions to develop lithium deposits in Chile after successfully obtaining a concession. Despite a recent dip in lithium prices, Bories expressed optimism regarding the long-term demand for lithium. She anticipates a market rebalance from next year, following a period of oversupply.
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