Ganfeng Lithium completes acquisition, now fully owns Mali lithium

Ganfeng Lithium announced the completion of its acquisition of the remaining 40% equity interest in Mali Lithium. With the completion of the acquisition agreement, the company now holds 100% equity interest in Mali Lithium. Additionally, the first phase of the Goulamina Project in Mali, with an annual production capacity of 506,000 tons of spodumene concentrate, has been formally put into production and is ramping up. The company stated that the completion of the acquisition and the Goulamina project will improve the company's lithium resource self-sufficiency rate and profitability, while also having a positive impact on the Company's future business performance.