Ghana approves first lithium mine with eye on EV boom
Ghana's government has greenlit its inaugural lithium mine, operated by Barari DV Ghana, a subsidiary of Australia's Atlantic Lithium. Located in Ewoyaa on the country's southern coast, this mine is a significant move for Ghana as it capitalizes on the global shift towards electric vehicles (EVs).
The Ministry of Lands and Natural Resources granted a 15-year lease for this project, recognizing its potential. Ghana upped the royalty rate from 5% to 10% and increased the state's stake from 10% to 13%. Furthermore, Ghana's Minerals Income Investment Fund will acquire an additional 6% in the mining operation and 3.06% in Atlantic Lithium.
Additionally, the company will establish a lithium processing plant, aiming to retain the economic benefits that were previously sent to China for processing. This move signifies Ghana's intent to be a part of the growing electric vehicle battery supply chain.
Points clés à retenir
The shift towards EVs in the auto industry, driven by impending bans on fossil-fuel cars, has led to a surge in both lithium prices and demand. Lithium, a highly sought-after mineral, plays a crucial role in manufacturing electric cars (which rely on lithium-ion batteries) as well as in the production of several electronic devices. Currently, China dominates the lithium supply chain, being the world's top refiner and a leading producer. However, Western governments and international companies view Africa's lithium reserves as a significant opportunity. Africa holds over 30% of global mineral reserves, including 5% of naturally occurring lithium ore reserves. This presents African countries with a unique chance to meet the increasing global demand for lithium while bolstering their own economies. We are already witnessing the launch of large-scale projects aiming to establish Africa as a global lithium hub, aligning with the energy transition trends. These projects are backed by substantial investments from mining companies spanning from Australia to China.
Vous pensez que quelqu'un d'autre devrait voir ça ?
Investir dans cette opportunité et dans d’autres opportunités à travers l’Afrique
Téléchargez l'application daba finance sur votre mobile via
Passer à l'action.
Télécharger l'application
Commencez à investir dans les meilleures opportunités d’Afrique, notamment les actions, les obligations, les startups, les fonds de risque, et bien plus encore.
Entrez en partenariat avec nous
Débloquez des opportunités commerciales passionnantes et un potentiel de croissance.
Rejoindre Daba
Devenez membre de notre communauté dynamique et profitez d'avantages exclusifs.
Contactez-nous
Contactez-nous pour toute demande de renseignements, assistance ou collaboration.