Ganfeng Lithium increases investment in lithium mines and lithium salts, and deploys upstream and downstream links

Although the lithium ore and lithium salt markets are no longer as prosperous as before, Ganfeng Lithium still chooses to deploy upstream and downstream links through heavy asset investment. The company recently announced that it would acquire the remaining 40% stake in Mali Lithium for US$342.7 million, having previously increased its capital in the company twice. In addition, Ganfeng Lithium also acquired a 60% stake in Inner Mongolia Anda New Energy Technology and plans to invest in a 20,000-ton annual lithium iron phosphate cathode material project. These measures will help Ganfeng Lithium build a closed-loop industrial chain and improve its market competitiveness.