What does Eni's $225 million investment in EnergyX's Black Giant project secure for the company?

Eni's $225 million investment secures a minority stake in EnergyX's Black Giant lithium project in Chile's Antofagasta region and grants Eni rights to up to 25% of the project's future lithium production, according to EnergyX's statement.

How does the Black Giant project plan to produce lithium, and what is its expected output?

Pending permitting, the Black Giant project would produce 52,500 metric tons per year of lithium carbonate across its first two phases using a direct extraction technique, with total capital costs estimated at nearly $1 billion.

Eni Deepens Lithium Push With $225 Million EnergyX Deal in Chile

Jul 6, 2026

Eni invested $225 million in EnergyX's Black Giant lithium project in Chile, securing rights to up to 25% of future production. This move highlights a growing trend of oil majors diversifying into critical mineral mining amid shifting global supply chains.

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Eni Deepens Lithium Push With $225 Million EnergyX Deal in Chile

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