Ganfeng Lithium completed the acquisition of a 20% stake in Lithium Africa.

Ganfeng Lithium, a company that produces lithium, lithium products, other metals, and batteries, completed the acquisition of a 20% stake in Lithium Africa, a mining company. Financial terms were not disclosed. "Ganfeng Lithium's strategic partnership with and investment in Lithium Africa is designed to accelerate the discovery and development of new lithium resources to meet the demand and scale needed by our customers. Exploration in Africa provides a critical opportunity to build a diversified global lithium supply chain in a responsible and cost-effective manner. Our partnership with Lithium Africa supports further investment in a historically underexplored and highly prospective region," Wang Xiaoshen, Ganfeng Lithium Vice Chairman and President.