Ganfeng Lithium expands lithium resource layout and wins favor from many automakers

Despite the decline in lithium salt prices, Ganfeng Lithium is still confident about the future market. Recently, Ganfeng Lithium has signed a long-term supply agreement with Hyundai Motor and an amendment to the offtake agreement with Australian mining giant Pilbara, increasing the supply of spodumene concentrate. In addition, Ganfeng Lithium also plans to spend US$65 million to acquire no more than 5% of the shares of Mali Lithium to strengthen its control over the Goulamina spodumene project. At present, Ganfeng Lithium has obtained long-term orders from many automakers such as Volkswagen, BMW, and Tesla.