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Glencore Eyes Eramet Argentina Lithium Stake

16 Sep

Summary

Glencore and InfraVia Capital are bidding for Eramet's Argentine lithium assets.
The French miner is selling assets to reduce its overall debt.
Other suitors from Japan and the US have also expressed interest.

Glencore Plc and InfraVia Capital Partners are among the entities showing interest in acquiring a stake in Eramet SA's lithium operation located in Argentina. This potential sale comes as the French mining company is actively looking to divest certain assets. The primary objective behind this move is to reduce Eramet's existing debt burden.

Sources familiar with the matter have indicated that Eramet has also engaged with potential bidders from Japan and the United States. These discussions are part of the exploration process to find suitable partners or buyers for its lithium assets in Argentina, a region known for its significant lithium reserves. The interest from multiple international players highlights the strategic importance of this operation.

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