Ganfeng Lithium recently announced that it plans to use its own funds of $342.7 million to acquire the remaining 40% stake in Leo Lithium's Mali Lithium Company, which will be wholly owned by Ganfeng Lithium after the completion of the acquisition. This move is aimed at obtaining the right to operate and manage the Goulamina lithium pyroxene project, ensuring a stable supply of lithium resources.The Goulamina project is rich in reserves, and according to the latest data released by Mining, the total resources of Goulamina ranked eighth among the world's lithium mines in clay and hard rock. The Goulamina project is of great significance to Ganfeng Lithium. Ganfeng Lithium has previously increased its shareholding in Mali Lithium to 55%. After the completion of this acquisition, Ganfeng Lithium will wholly own the lithium mine, further consolidating its position in the global lithium industry chain. Ganfeng lithium director secretary said, Goulamina project will become the company's largest resource lithium pyroxene project, but also the next company ore end of the short-term visible important increment." Xu Yong, chief of new metal materials at Huaan Securities, said that for lithium enterprises, the ultimate intention of global mining is to ensure security of supply and construct an integrated industrial chain advantage.