On March 29, Kanglongda announced that it jointly signed an "Agreement to Terminate the Binding Terms Sheet Regarding the Purchase of Spodumene from the Bougouni Lithium Project" with Kodal Minerals PLC (referred to as "KODAL"), Hainan Mining and its controlling subsidiary, Kodal Mining UK (referred to as "KMUK"). According to the agreement, KMUK will pay Suay Chin a total of 14 million US dollars in termination fees in two installments. After receiving the first installment of 7 million US dollars, the "Bougouni (Bougouni) Mine Project Spodumene Sales Binding Term Memorandum" signed by Suay Chin and KODAL in 2017 will terminate, meaning Suay Chin will give up the priority right to underwrite no less than 80% of the concentrate products for the first three years after the Bougouni carp mine project starts production; KMUK needs to complete the payment of all termination fees before the first batch of spodumene is shipped from Mali or before October 31, 2024 (whichever comes first).

On 26 March, Kodal Minerals announced significant advancements in the development of its Bougouni Lithium Project in southern Mali, following a funding transaction with Chinese miner Hainan Mining amounting to US$117.75 million which secures a 51% stake in Kodal Mining.

It is estimated that EV sales in Europe will reach 2.8-3 million units in 2023.

SHANGHAI, May 4 (SMM) – It is wholly owned by Minerals, who obtained a mining license in November 2021, which is valid for 12 years and can be renewed for 10 years until all resources are mined.

The dense media separation (DMS) processing plant at the site has cumulatively produced over 11,000 tonnes of spodumene concentrate to date, demonstrating steady progress toward commercial production. During the final week of March 2025, the plant processed 13,400 tonnes of raw ore, yielding 1,920 tonnes of spodumene concentrate grading 5.63% Li₂O.

More than 200 people were killed this week in a collapse at the Rubaya coltan mine in eastern Democratic Republic of Congo, Lumumba Kambere Muyisa, spokesperson for the rebel-appointed governor of the province where the mine is located, told Reuters on Friday.