What’s new: A Hong Kong subsidiary of Chinese lithium giant Ganfeng Lithium Co. Ltd. (002460.SZ -9.13%) plans to invest in a spodumene mine in the western African country of Mali to exploit its lithium resources, according to a Monday company filing (link in Chinese). The investment will be made through GFL International Co. Ltd., which will spend $130 million to acquire 50% of a Netherlands-based special purpose vehicle (SPV) that was created to hold the mining rights to the Mali project. After the deal is completed, GFL is likely to invest up to $40 million in exploration at the mine, the Hong Kong- and Shenzhen-listed company said.