Mali suspends lithium shipping operations

Australian mining company Leo Lithium Ltd. has announced that Mali has suspended operations involving unrefined lithium ore from the Goulamina project, a joint venture with China’s Ganfeng Lithium Group Co. Crushing of direct shipping ore (DSO), an unprocessed form of lithium ore, has been halted immediately, pending discussions with Mali’s Ministry of Mines.

This suspension will not delay any aspect of the Goulamina project, which remains on schedule for spodumene concentrate production in the second quarter of 2024. Mining activities continue according to the pre-existing plan, and mined ore is being stockpiled.

The decision to halt DSO operations comes after correspondence from the Malian mines ministry on July 17 regarding DSO, the status of the government’s 10% stake in the project, and overall project progress. Mali has also established a commission to examine these matters.

Leo Lithium had originally planned to export up to 139,000 tons of unrefined lithium ore before beginning to ship concentrate next year.

The Goulamina project aims to become Mali’s first producing lithium project and is one of the largest resources of lithium-bearing spodumene under development. This development is of significant interest as global demand for lithium, a key component in batteries, continues to grow.

The suspension of DSO operations appears to be related to issues concerning the government’s stake and the processing of lithium resources within Mali. There is a growing trend among resource-rich nations to encourage domestic processing of minerals to add more value to their economies rather than exporting unprocessed materials. Mali, known for its large gold mining industry, is seemingly looking to follow this trend with its lithium resources.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Europe heads into winter leaning on a U.S.-fueled LNG safety net

At the World LNG Summit in Istanbul, traders, producers and utility executives were striking new deals against a backdrop of something Europe hasn’t felt in its gas market for several winters: cautious confidence.

After a brutal start to 2025, when storage levels were low and memories of the 2022 energy crisis still raw, the prevailing view now is that Europe should scrape through this winter without a repeat of the panic, thanks above all to a powerful surge in liquefied natural gas imports, led by the United States.

China approves construction of four new AP1000 nuclear reactors with Westinghouse

U.S. nuclear firm Westinghouse announced that China has approved the construction of four new AP1000 nuclear reactors for two separate power projects. China’s State Council granted permission to build two reactors for the Bailong nuclear power project, owned by the State Power Investment Corp in Guangxi province…

Crypto selloff spreads as liquidations deepen a $2 trillion market slide

Thursday’s crypto selloff looked less like an isolated “bitcoin event” and more like a synchronized de-risking across the most crowded, most leveraged corners of global markets. Bitcoin slid to roughly $63,300, its lowest level since October 2024, and was down around 12% on the day, on pace for its steepest one-session drop since the 2022 cascade.

Liquidations did what they usually do in these moments: they turned a decline into an air pocket, with about $1 billion of bitcoin positions wiped out in 24 hours as forced selling accelerated the move. In parallel, the aggregate crypto market has shed about $2 trillion in value from an early-October peak, with an especially sharp drawdown concentrated in the past month.

Stay informed

error: Content is protected !!