The company is planning to build a 1 million tonnes per year aluminum smelter with Huafon Group at its industrial park on the Indonesian island of Sulawesi.
Ganfeng will set up a joint venture company in the city of Fengcheng for its latest plant, which will convert spodumene into lithium battery materials.
Copper prices rebounded as investors scooped up material at lower prices after heavy losses the previous day on fears that strong US economic data could spur tighter monetary policy.