Ouch, 3 weeks after the joint venture with Ganfeng was announced, * also woke up !
Search for: African lithium investment awakens a sleeping battery giant
"There are reasons the African investment conversation historically circles back to that word ‘potential’, rather than performance. Politics and policy, civil unrest, and misinformed perception have stood in the way of many a project.
In June, heads were turned as the uber-bullish Ganfeng – the world’s third-largest producer of lithium chemicals for use in batteries – committed to invest US$130 million to establish a 50:50 joint venture with Firefinch (ASX:FFX) to develop and operate the Goulamina lithium project in Mali."
The next sentence catched my eye in the main: "Should that project develop as expected, output from the project would find its way into the batteries of Ganfeng’s tier-one battery player customers including BMG, LG Chemicals and Tesla."
So, you all know now, why we catched Ganfeng as JV partner !!
FFX Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
