PARIS, Feb 20 (Reuters) - Potential Chinese export
restrictions on lithium extraction technology could create new
opportunities for Eramet following its launch of
lithium production in Argentina, the head of the French mining
group said on Thursday.
China has proposed restricting the export of technology to
process lithium, widely used in batteries, in response to U.S.
tariffs, and Reuters reported this week that one Chinese company
has stopped exporting sorbents, a piece of equipment used in
lithium processing.
"So it will open potentially opportunities for Eramet,"
Chair and CEO Christel Bories said of Chinese export curbs
during a presentation of Eramet's annual results.
"We are considering potentially using our technologies and
our patents on the sorbents to enter into new projects,
providing the technology but also participating in equity."
Eramet's Centenario project in Argentina started production
in December and the group aims to reach a nominal annual
capacity rate of 24,000 metric tons of lithium carbonate
equivalent at the end of this year.
Eramet is studying an expansion of the project but does not
expect to commit further investments before next year, Bories
added.
Eramet is also in discussions in Chile to develop lithium
deposits after securing a concession.
The group remains upbeat on longer-term demand for lithium
despite a drop in prices and expects the market to rebalance
from next year following a period of oversupply, Bories said.