Ganfeng Lithium expands upstream resource layout to consolidate market position

In the face of fluctuations in lithium salt prices, Ganfeng Lithium has actively adjusted its strategy and increased its layout of upstream resources. The company has signed an agreement with Australian mining giant Pilbara to increase the annual supply of spodumene concentrate from 160,000 tons to 310,000 tons. At the same time, Ganfeng Lithium plans to spend US$65 million to acquire no more than 5% of Mali Lithium's shares to strengthen its control over the Goulamina spodumene project.