Mali Launches Bougouni Lithium Project, Strengthening Africa’s Role in Global EV Supply Chain

Mali has taken a historic step toward cementing its position in the global electric vehicle (EV) battery supply chain with the official inauguration of the Bougouni Lithium Project. The ceremony, led by President General Assimi Goïta on November 3rd, 2025, marks not only a significant milestone for Kodal Minerals PLC and its joint venture partner Hainan Mining but also a broader turning point for Mali’s mining and industrial future. As the world accelerates toward renewable energy and sustainable transportation, Mali’s abundant lithium reserves are now emerging as a strategic asset for both Africa and the international EV market.

Located 180 kilometers south of Bamako, the Bougouni mine is the first fully operational lithium project in Mali and a cornerstone of the nation’s mining-driven development plan. With Mali’s government holding a 35% stake, the partnership between Kodal Minerals (49%) and Hainan Mining (51%) demonstrates a strong model of shared ownership and resource management. Construction began in mid-2024 and was completed on schedule and under its US$65 million capital budget, showcasing efficient project execution. The mine has already produced more than 45,000 tonnes of high-grade spodumene, containing 5.5% lithium oxide, and aims for an annual output of 125,000 tonnes. Shipments have started from Bougouni to the Port of San Pedro in Côte d’Ivoire, en route to Hainan’s lithium refinery in China, marking Mali’s entry into the international battery materials trade.

Beyond the export numbers, the Bougouni project is a symbol of local empowerment and capacity building. Out of the 650 workers employed, 95% are Malian nationals, reflecting strong local participation and skills transfer in the mining sector. The project’s social and economic benefits extend beyond employment, as it sets a precedent for responsible mining practices and sustainable growth. With phase two of the project already being planned to nearly double production, Mali is positioning itself to become one of West Africa’s most important lithium producers.

Lithium, often referred to as “Mali’s white gold,” is central to the nation’s ambitions to diversify its economy and reduce dependence on traditional gold exports. The successful launch of the Bougouni project signals Mali’s entry into the global clean energy economy, connecting African resources with the world’s green industrial transformation. In the long term, this project could catalyze further foreign investment, infrastructure development, and regional collaboration across West Africa’s emerging battery materials corridor, strengthening the continent’s role in shaping the future of sustainable mobility.

Mini-Glossary

• Lithium oxide (Li₂O): A key chemical compound found in lithium-bearing minerals like spodumene, used in battery production.
• Spodumene: A lithium-rich mineral processed into lithium concentrate for use in EV batteries.
• EV supply chain: The network of industries involved in producing components for electric vehicles, including batteries and raw materials.
• Clean energy minerals: Natural resources like lithium, cobalt, and nickel essential for renewable energy technologies.