On June 30, Hainan Mining announced in an evening disclosure that it has entered into a spodumene offtake agreement with LMLB, a wholly-owned subsidiary of its UK-based controlled subsidiary Kodal Mining UK.
Under the agreement, effective January 1, 2026, LMLB will exclusively sell all spodumene produced in Phase I of the Bougouni Lithium Project to Hainan Mining. The pricing mechanism follows a floor price structure, with the annual minimum price determined by a mutually agreed formula.
The signing of this agreement marks a key step in Hainan Mining's strategy to integrate lithium mining, processing, and lithium salt production, further strengthening its competitiveness and influence in the new energy sector.
Edited by Cassie Li, lixiangying@mysteel.com
