Eramet has successfully regained full ownership of the Centenario lithium project in Argentina by purchasing Tsingshan Holding Group's 49.9% stake in Eramine Sudamerica for $699 million. This acquisition enhances Eramet's control over its lithium extraction operations, which are set to begin production shortly at a newly inaugurated plant with a capacity of 24,000 tonnes per year of battery-grade lithium carbonate. The project utilizes advanced direct lithium extraction technology, allowing for efficient and sustainable production. This strategic move positions Eramet favorably in the growing electric vehicle market, despite current low lithium prices.