Mining equipment for Ganfeng Lithium’s Velasto project is arriving in batches.

At the beginning of 2026, Ganfeng Lithium made new progress in the mining sector. According to relevant news, Ganfeng Lithium (002460) responded to investor concerns on its investor relations platform on January 4th. The progress of the Velasto project attracted particular attention. An investor asked, “What is the progress of the Velasto project? When will the mining equipment arrive?” Ganfeng Lithium replied, “Dear investor, the 2.4 million tons/year lithium-tin polymetallic mine mining project of Inner Mongolia Velasto Mining Co., Ltd. has officially received approval, and the mining equipment is arriving in batches.” This news undoubtedly injected a strong boost into the market, showing that the project is progressing steadily. The progress of the Velasto project is of great significance to Ganfeng Lithium. As an important raw material for the new energy industry, lithium is in high demand due to the increasing global demand for clean energy. As a major player in the lithium industry, the smooth operation of Ganfeng Lithium’s projects will help ensure a stable supply of lithium resources and further consolidate its position in the industry. From the project’s perspective, a mining scale of 2.4 million tons per year is considerable. This not only reflects Ganfeng Lithium’s emphasis on and investment in the project but also foreshadows the substantial economic benefits it will bring to the company in the future. The phased arrival of mining equipment is a significant indicator of the project entering the substantive operational phase. This advanced mining equipment will provide strong support for efficient mining, improve production efficiency, and reduce production costs. It is worth mentioning that the project’s progress is also inseparable from government support. Obtaining approval signifies that the project has been recognized for its compliance, providing a solid foundation for its smooth implementation. Simultaneously, this reflects the government’s emphasis on and support for the new energy industry, encouraging enterprises to increase the development and utilization of lithium resources and promoting the development of the new energy industry. Below are some images related to the project. Let’s take a look at the project’s features: [Image 1] [Image 2] Looking to the future, with the gradual advancement of the Velasto project, Ganfeng Lithium is expected to achieve greater breakthroughs in the lithium resource field. At the same time, the successful implementation of this project will also have a positive impact on the entire lithium industry, promoting its healthy development. We look forward to the Velasto project achieving full production capacity and efficiency as soon as possible, making a greater contribution to the development of Ganfeng Lithium and the new energy industry.