Ganfeng Lithium to Launch Production at Mali's Goulamina Lithium Mine

Ganfeng Lithium

China's leading lithium producer, Ganfeng Lithium, is set to initiate production at the Goulamina lithium mine in Mali, marking a significant milestone in the company's global expansion. Ganfeng has completed the first phase of the ore crushing production line, aiming to produce its first batch of lithium concentrate, also known as spodumene, by the end of this year.

Expanding Lithium Output in Two Phases

The Goulamina project will unfold in two phases, with the initial phase beginning construction in 2022. This first phase is projected to yield 506,000 tonnes of spodumene concentrate annually. The second phase, though lacking specific construction and launch timelines, is expected to bring the mine’s total production capacity to 1 million tonnes per year.

Ganfeng, which owns 60% of the project in partnership with Australia’s Leo Lithium, has positioned itself as a dominant player in the global lithium market. The company revealed plans in May to acquire Leo Lithium's remaining 40% stake, securing full ownership of the Goulamina project. Once the deal is finalized, Ganfeng will control 100% of the mine, further consolidating its foothold in the lithium market.

Diversification in Africa and Beyond

This project in Mali forms part of a broader trend in China’s strategy to diversify its lithium supply chain. With lithium demand surging due to electric vehicle production, Chinese firms like Ganfeng have accelerated exploration and production efforts across Africa. Companies such as Huayou and Zijin Mining have already begun sending lithium shipments from Zimbabwean mines to China for refining. Ganfeng itself is not limited to Mali, having significant investments in Australia, Argentina, Mexico, Ireland, and China.

As China looks to diversify away from traditional suppliers in Australia and South America, Africa is becoming an increasingly vital resource base for lithium production.