Recently, Ganfeng lithium executives disclosed that the Goulamina lithium pyroxene project in Mali, Africa, the first phase of the annual output of 506,000 tons of lithium pyroxene concentrate capacity project, is expected to be put into production in 2024. At the beginning of the month, just bid about 2.479 billion yuan, ready to buy the remaining 40% stake in Mali Lithium, whose core asset is precisely the Goulamina project. Its mining area covers an area of 100 square kilometers, corresponding to a total lithium resource of about 7.14 million tons of lithium carbonate equivalent. Once the entire stake, will significantly expand the lithium resource reserves. Li Liangbin said: "Our R & D should be first, ideas should be first, measures should be first, only then, we can have the ability to cross the cycle." Today, the industry is still in a downward cycle, he has seized the opportunity to start bottoming out. With regard to the giant mine in Mali, Africa, Li Liangbin has been nibbling away at it in three installments over the past eight months, and in September last year, he spent up to $138 million, or about 1 billion yuan, to increase his capital in Mali Lithium by subscribing to new shares, and gained a 60% stake in it.

At the beginning of this year, lithium prices fell to a low point, Li Liangbin strikes again, eating 5% of the shares. Four months later, he struck again to take the entire stake. In Africa, Mali's mineral program, Lee before and after, enough to invest nearly 4 billion. From the valuation alone, Li Liangbin bid, within eight months, from about 1.67 billion yuan, soared to about 6.2 billion.

Ganfeng lithium said, Goulamina project will be Ganfeng lithium resources of lithium pyroxene project, but also the company's ore end of the short-term visible important increment. In addition to this, Li is also expanding its lithium raw materials overseas in a big way. Its Mount Marion lithium feldspar project in Australia, the annual output will increase to 900,000 tons, the expansion work has been basically completed also signed an agreement with the Australian miner Pilbara, discussing the possibility of both sides each contributing 50% to set up a company, and jointly build an annual output of 32,000 tons of lithium salt production capacity. Today, Ganfeng lithium lithium resources, has been all over the world. In addition to Africa and Australia, Li Liangbin also in Ireland, Argentina, Mexico and other places to obtain lithium resources, he has the rights and interests of lithium resources 48.04 million tons of LCE. around the lithium battery industry chain, Li Liangbin from the upstream mining industry, to the midstream of the lithium salt products, lithium batteries, and then tied to the downstream of the vehicle manufacturers, to create a complete set of vertically integrated system!

At present, Ganfeng lithium industry is climbing over the period. A large number of projects have been launched, alone under construction, the total investment has been nearly 13 billion, costing a huge amount of money, synchronized with the promotion of a number of key processes and technical materials research. "We believe that in the context of global electrification, the future demand for lithium can continue to grow." Li Liangbin said in mid-April statement. He believes that the entire lithium industry cycle to be stretched to see, the statement will be in-depth layout of lithium business and lithium battery.