Livista Energy partners with CAA Mining to process lithium in Ghana
Feb 6 (Reuters) -European lithium refiner Livista Energy said on Monday that it has formed a partnership with African miner CAA Mining to set up a conversion facility in Takoradi, western Ghana for the processing of lithium.
Livista aims to convert spodumene, a mineral with lithium content, produced in Ghana into an intermediary lithium chemical at the facility, which would then be exported to the company's European plant for further refining.
Building local lithium refining capability in Ghana would provide employment opportunities and deliver new sources for the African country's gross domestic product, said Martin Kwaku Ayisi, the chief executive of Minerals Commission Ghana.
Demand for lithium, a key component of electric vehicle batteries, has jumped in recent years as the world transitions towards green energy.
CAA had already been granted a license to mine in the area next to the Ewoyaa Lithium Deposit, currently in development by Atlantic Lithium Ltd ALLA.L.
Livista's European facility is expected to begin production in 2026.
Reporting by Sourasis Bose in Bengaluru; Editing by Shailesh Kuber
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.