Ganfeng Lithium and LG Chemicals want to acquire a stake in Australian Lithium Mine

Bloomberg quoted people familiar with the matter as saying that Gian Feng Li-Li and LG Chemicals of South Korea were in contact with the company to acquire a stake in a lithium mine in Australia.

Japanese trading company Mitsui and Chinese battery maker Ningde also expressed interest in the asset and securing lithium supplies, the person said.

Perth-based MinalResources said Tuesday it would begin selling up to 49 per cent of the project after receiving offers from other companies to invest and buy the product.

According to the company, the Wodgina mine is located 100 kilometers south of the Port of Hedland in the Zhoupierbula region of Western Australia. It is the world's largest hard rock lithium deposit and is expected to be valued at up to A$ 4 billion($3 billion).

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