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Oct. 13, 2021, 8:28 p.m. EDT

Lithium Stocks Rising on China's Argentina Acquisitions, Here Are 4 Companies in Their Crosshairs

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    Zijin Mining Group Co. Ltd. H (ZIJMF)
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    Neo Lithium Corp. (NTTHF)
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    Neo Lithium Corp. (NLC)

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Oct 13, 2021 (Baystreet.ca via COMTEX) -- A new ‘ White Gold Rush ’ in Argentina’s northern portion of what is known as the Lithium Triangle is underway, and it’s being accelerated by Chinese interests . Most recently, Chinese copper and gold mining giant Zijin Mining Group Company Limited /zigman2/quotes/209836076/delayed ZIJMF +2.01% acquired Canadian Neo Lithium Corp. /zigman2/quotes/201762043/delayed NTTHF -0.40% /zigman2/quotes/205591050/delayed CA:NLC -0.31% which experts in Canada are predicting will trigger a full national security review. As demand increases for the metals needed for the manufacturing of batteries for electronics and EVs, it’s worth looking at Neo Lithium Corp., as well as Lithium Americas Corp. /zigman2/quotes/206933779/composite LAC +5.12% /zigman2/quotes/202884031/delayed CA:LAC +5.08% , Livent Corporation /zigman2/quotes/200042549/composite LTHM +5.22% , and Orocobre Limited /zigman2/quotes/203167161/delayed OROCF +2.63% /zigman2/quotes/201293323/delayed CA:ORL +4.17% .

Neo Lithium Corp. /zigman2/quotes/201762043/delayed NTTHF -0.40% /zigman2/quotes/205591050/delayed CA:NLC -0.31%

Since the announcement of the Zijin Mining Group Company Limited /zigman2/quotes/209836076/delayed ZIJMF +2.01% acquisition, shares of Neo Lithium Corp. /zigman2/quotes/201762043/delayed NTTHF -0.40% /zigman2/quotes/205591050/delayed CA:NLC -0.31% have risen more than 14%. As per the terms of the deal, Zijin has agreed to acquire all of the outstanding shares of Neo Lithium at a price of C$6.50, which at the time of the announcement represented approximately 36% over Neo Lithium’s 20-day volume-weighted average price at October 8, 2021.

The total cash consideration for all of the outstanding equity of Neo Lithium—which included the 3Q lithium brine project in Catamarca, Argentina—is approximately C$960 million (~US$771.5 million).

Lithium Americas Corp. /zigman2/quotes/206933779/composite LAC +5.12% /zigman2/quotes/202884031/delayed CA:LAC +5.08%

Earlier this summer, Gangfeng Lithium acquired a majority stake in the Caucharí-Olaroz Project from SQM, while leaving 49% held by Lithium Americas Corp. /zigman2/quotes/206933779/composite LAC +5.12% /zigman2/quotes/202884031/delayed CA:LAC +5.08% .

As per Lithium Americas’ most recent Q2 2021 results, the company reaffirmed that construction at Caucharí-Olaroz remain on track to achieve first production by mid-2022 on the initial 40,000 tonnes per annum operation.

Livent Corporation /zigman2/quotes/200042549/composite LTHM +5.22%

Livent Corporation /zigman2/quotes/200042549/composite LTHM +5.22% has announced it will deliver its third quarter earnings on November 4, 2021. Over the past 12 months, Livent stock has risen nearly 130% .

On its second quarter earnings release , Livent highlighted its resumption of capacity expansion under development in Argentina. Now associated with BMW , the Salar del Hombre Muerto salt flat has a production capacity of 20,000 tonnes of lithium equivalent per year, and plans to double this with an investment of US$640 million.

Orocobre Limited /zigman2/quotes/203167161/delayed OROCF +2.63% /zigman2/quotes/201293323/delayed CA:ORL +4.17%

Orocobre is coming off of a massive $6 billion merger with Galaxy Resources from earlier this year. On its Salar de Olaroz flats project, Orocobre has a partnership with Japanese Toyota Tsusho and the provincial company Jujuy Energía y Minería Sociedad del Estado (JEMSE).

Orocobre’s and Livent’s projects are the only two currently producing lithium projects in Argentina out of a total of over 60 proposed projects in various stages of development.

COMTEX_395142598/2559/2021-10-13T20:27:43

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

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$ 1.33
+0.03 +2.01%
Volume: 3,111
Dec. 8, 2021 1:41p
P/E Ratio
16.89
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N/A
Market Cap
$39.12 billion
Rev. per Employee
$664,274
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/zigman2/quotes/201762043/delayed
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$ 5.02
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P/E Ratio
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N/A
Market Cap
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$ 6.35
-0.02 -0.31%
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P/E Ratio
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Dividend Yield
N/A
Market Cap
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Rev. per Employee
N/A
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US : U.S.: NYSE
$ 35.32
+1.72 +5.12%
Volume: 3.64M
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P/E Ratio
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Dividend Yield
N/A
Market Cap
$4.04 billion
Rev. per Employee
N/A
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CA : Canada: Toronto
$ 44.65
+2.16 +5.08%
Volume: 846,136
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P/E Ratio
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N/A
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$5.11 billion
Rev. per Employee
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US : U.S.: NYSE
$ 28.62
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P/E Ratio
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Dividend Yield
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Market Cap
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Rev. per Employee
$318,102
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/zigman2/quotes/203167161/delayed
US : U.S.: OTC
$ 6.56
+0.17 +2.63%
Volume: 10,481
Dec. 8, 2021 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.86 billion
Rev. per Employee
N/A
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/zigman2/quotes/201293323/delayed
CA : Canada: Toronto
$ 8.24
+0.33 +4.17%
Volume: 18,539
Dec. 8, 2021 5:00p
P/E Ratio
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Dividend Yield
N/A
Market Cap
$4.99 billion
Rev. per Employee
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/zigman2/quotes/201762043/delayed
US : U.S.: OTC
$ 5.02
-0.02 -0.40%
Volume: 74,584
Dec. 8, 2021 3:55p
P/E Ratio
41.22
Dividend Yield
N/A
Market Cap
$711.89 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/205591050/delayed
CA : Canada: TSX Venture
$ 6.35
-0.02 -0.31%
Volume: 228,488
Dec. 8, 2021 5:00p
P/E Ratio
40.29
Dividend Yield
N/A
Market Cap
$900.37 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/209836076/delayed
US : U.S.: OTC
$ 1.33
+0.03 +2.01%
Volume: 3,111
Dec. 8, 2021 1:41p
P/E Ratio
16.89
Dividend Yield
N/A
Market Cap
$39.12 billion
Rev. per Employee
$664,274
loading...
/zigman2/quotes/201762043/delayed
US : U.S.: OTC
$ 5.02
-0.02 -0.40%
Volume: 74,584
Dec. 8, 2021 3:55p
P/E Ratio
41.22
Dividend Yield
N/A
Market Cap
$711.89 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/205591050/delayed
CA : Canada: TSX Venture
$ 6.35
-0.02 -0.31%
Volume: 228,488
Dec. 8, 2021 5:00p
P/E Ratio
40.29
Dividend Yield
N/A
Market Cap
$900.37 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/206933779/composite
US : U.S.: NYSE
$ 35.32
+1.72 +5.12%
Volume: 3.64M
Dec. 8, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.04 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202884031/delayed
CA : Canada: Toronto
$ 44.65
+2.16 +5.08%
Volume: 846,136
Dec. 8, 2021 5:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.11 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206933779/composite
US : U.S.: NYSE
$ 35.32
+1.72 +5.12%
Volume: 3.64M
Dec. 8, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.04 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202884031/delayed
CA : Canada: Toronto
$ 44.65
+2.16 +5.08%
Volume: 846,136
Dec. 8, 2021 5:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.11 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200042549/composite
US : U.S.: NYSE
$ 28.62
+1.42 +5.22%
Volume: 1.96M
Dec. 8, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.39 billion
Rev. per Employee
$318,102
loading...
/zigman2/quotes/200042549/composite
US : U.S.: NYSE
$ 28.62
+1.42 +5.22%
Volume: 1.96M
Dec. 8, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.39 billion
Rev. per Employee
$318,102
loading...
/zigman2/quotes/203167161/delayed
US : U.S.: OTC
$ 6.56
+0.17 +2.63%
Volume: 10,481
Dec. 8, 2021 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.86 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201293323/delayed
CA : Canada: Toronto
$ 8.24
+0.33 +4.17%
Volume: 18,539
Dec. 8, 2021 5:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.99 billion
Rev. per Employee
N/A
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