China’s Ganfeng Lithium Gains Control of Large Lithium Source in West Africa
Wednesday, 8 May 2024, 08:46
China's Ganfeng Lithium has sealed a major deal in West Africa
Ganfeng Lithium has acquired a Malian lithium mine in a deal worth US$343 million, gaining control of a significant source of raw materials.
Increased security and control over lithium supplies
This acquisition enhances Ganfeng Lithium's position in the lithium market, ensuring a stable and reliable supply chain for its operations.
Strategic move in a high-demand market
With the rising demand for electric vehicles and renewable energy storage solutions, securing access to lithium resources is crucial for the company's future growth and success.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.