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China’s Huayou secures Ghana’s Ewoyaa Lithium, expands grip on Africa’s battery metals

An electric car battery made from lithium inside a vehicle's engine compartment. Photo by Ayyeee Ayyeee @ Pexels
An electric car battery made from lithium inside a vehicle's engine compartment. Photo by Ayyeee Ayyeee @ Pexels
  • Huayou assumes sole funding responsibility for Ghana’s flagship lithium project
  • Ghana tests new mining model balancing profits with national mineral interests

 

ACCRA, GHANA — Ghana’s push to become a major player in the global lithium race has entered a decisive new phase after Atlantic Lithium approved a deal handing Zhejiang Huayou Cobalt greater control over the Ewoyaa Lithium Project.

The arrangement, which transfers Elevra’s 22.5% interest in the project to Chinese battery metals giant Zhejiang Huayou Cobalt, removes major financing uncertainty surrounding Ewoyaa and accelerates the path toward Ghana’s first lithium mine.

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