Ganfeng Lithium completes Mali lithium acquisition

Ganfeng Lithium (SZSE:002460) has completed its acquisition of the remaining 40% equity of Mali Lithium B.V. from Leo Lithium Limited for a total consideration of USD 342.7 million. With this transaction finalized, Ganfeng Lithium now holds 100% ownership of Mali Lithium and its Goulamina lithium project in Mali. The Goulamina project's initial phase, with an annual production capacity of 50,600 tons of lithium concentrate, is now officially in operation and ramping up. The establishment of a reliable lithium ore export route from Mali to China signifies a substantial move for Ganfeng Lithium's African lithium resource strategy, which is expected to secure a consistent supply of high-quality lithium resources, improve the company's self-sufficiency, boost profitability, and positively influence future performance.