Ganfeng Lithium has launched production at the Goulamina lithium mine in Mali, despite navigating strict new regulations and market challenges. The first phase will produce 506,000 tonnes annually, with potential expansion planned. This site is projected to be a key lithium source for over 23 years, enhancing both Mali’s economy and the global lithium supply.
Chinese lithium producer Ganfeng Lithium has successfully initiated production at its Goulamina lithium mine in Mali, marking a significant advancement amid challenging conditions, including a rigorous new mining code and a market oversupply. Launched in December, the mine’s first phase boasts an annual capacity of 506,000 tonnes of lithium, with plans for expansion to 1 million tonnes in the subsequent phase. Estimated to yield 15.6 million tonnes of spodumene concentrate over its projected 23-year lifespan, the Goulamina mine is regarded as one of the largest lithium deposits globally, crucial for battery production in electric vehicles and electronics.
The Goulamina lithium mine is located in Bougouni, southern Mali, and represents a pivotal development in the region’s mining sector. Despite security challenges and a recently enacted strict mining code, Ganfeng Lithium’s operations proceed under substantial political support. This mine stands to significantly enhance Mali’s natural resource exploitation and economic development, positioning the country as a key player in the global lithium supply chain, particularly essential for the growing electric vehicle market.
In conclusion, Ganfeng Lithium’s commencement of production at the Goulamina mine underscores the company’s resilience in navigating regulatory and market challenges. The mine’s substantial estimated output highlights Mali’s potential as a crucial supplier of lithium, reinforcing the strategic partnership between Mali and China, aimed at mutual economic growth and development. As global demand for lithium continues to rise, the significance of such projects will become even more pronounced.
Original Source: www.scmp.com
