BRIEF: Ganfeng Lithium’s Mali lithium project starts production
Lithium producer Ganfeng Lithium Group Co. Ltd. (1772.HK; 002460.SZ) announced on Monday that official production began at the first phase of its Goulamina spodumene project in Mali, Africa, with a…
INDUSTRY BRIEF: MSCI culls more China stocks from its indexes
Stock index compiler MSCI Inc. said it will remove 60 Chinese stocks from its indexes, including 56 companies listed on China’s domestic A-share market and four listed in Hong Kong.…
Plunging prices push lithium mining giants into the red
The industrial metal used in electric car batteries has dropped 85% from its price peak to around $90,000 per ton, hit by a supply glut and slowing vehicle sales Key…
FAST NEWS: Ganfeng Lithium increases stake in Mali spodumene mine
The latest: Lithium miner Ganfeng Lithium Group Co. Ltd. (1772.HK; 002460.SZ) announced Wednesday that its wholly-owned GFL International subsidiary will pay up to $65 million for up to 5% of…
FAST NEWS: Ganfeng Lithium to acquire 33.3% of EV company
The latest: Lithium miner Ganfeng Lithium Group Co. Ltd. (1772.HK; 002460.SZ) announced Monday that it will acquire 33.33% of Chongqing Ruichi Automobile for 1 billion yuan ($137 million). Looking up: Ruichi focuses on…
FAST NEWS: Ganfeng’s Argentina salt lake produces its first lithium carbonate
The latest: Lithium miner Ganfeng Lithium Group Co. Ltd. (1772.HK; 002460.SZ) announced Monday that its Cauchari-Olaroz salt lake project in Argentina has produced its first batch of lithium carbonate products. Looking up: The company…
Ganfeng Lithium undermined by sinking prices, Chilean nationalization
The lithium producer's profits could get squeezed this year as prices for the metal continue to sag and fallout spreads from Chile’s recent decision to nationalize its lithium mines Key…