Australian lithium miner Firefinch Ltd said on Tuesday it approved a final investment decision for the Goulamina Lithium Project in Mali, which will be jointly developed and operated with China's Ganfeng Lithium.
Spodumene concentrate is the ore from which lithium is extracted. Lithium prices soared last year as automakers around the world began investing billions of dollars to transition to electric vehicles, boosting demand for batteries which use lithium.