• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana Anxious Global Lithium Price Slump Will Derail Ewoyaa Project

12 months ago
in Business, Energy, Features, highlights, Home, home-news, latest News, Markets, Mining
2 min read
0 0
0
370
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Methodist Church Ghana to Launch Connexional Entrepreneurship Programme – Presiding Bishop Asamoah-Gyadu Discloses

Rt. Rev. Emmanuel Ansah Urges Graduates to Embrace Failure as Methodist Church Ghana Outdoors First Cohort of Wesleyan Entrepreneurship School

President Mahama Removes Chief Justice Torkornoo from Office Over Stated Misbehaviour

Ghana Anxious Global Lithium Price Slump Will Derail Ewoyaa Project
Ghana is concerned that a slump in global lithium prices could halt its first mining project in the south-central town of Ewoyaa, the head of the country’s mining sector regulator told Reuters.
In October 2023, Ghana, a West African gold and cocoa producer, granted a 15-year lease to Australia-based miner Atlantic Lithium to establish the nation’s first lithium mine by the fourth quarter of 2024.
The company received environmental approval for the project on Thursday, but says a delay in parliamentary ratification of the lease was hampering its ability to meet the construction timeline and secure higher prices.
Martin Ayisi, head of Ghana’s Minerals Commission, said the Ewoyaa Project that envisaged annual lithium production of around 360,000 tons risked being halted.
“It will cost Atlantic lithium around $650 to produce a ton of lithium concentrate and with the price just above $700, it’s worrying for us,” he said, adding that if the downturn continues, the project may get delayed further like other lithium projects globally.
The price of lithium, used in batteries for electric vehicles, has collapsed over the last two years as new supply coincided with weaker-than-expected demand for electric vehicles.
As more alternatives to lithium in the EV and battery sectors emerge, Mr Ayisi said time was of essence for the project to pay off.
“It’s not just a race against the price; it’s a race to mine at a time lithium is commercially needed.”
Ahmed-Salim Adam, Atlantic Lithium’s general manager, told Reuters that the mine’s construction, initially planned to start in July has been delayed to first quarter of 2025 because of lack of parliamentary ratification.
The ratification was delayed as lawmakers sought broader consultation, aiming to avoid repeating mistakes made during approvals of new gold mining projects.
Mr Adam said the company would also need an operation permit from the sector regulator before it can start construction, which could take about 22 months to complete.
“It’s critical that we get ratification quickly else our investors’ patience is waning, especially when there are more endowed jurisdictions in the so-called lithium triangle and Mali next door,” Mr Adam quipped.

Source: reuters
Via: norvanreports
Tags: Ewoyaa projectghanaGhana Anxious Global Lithium Price Slump Will Derail Ewoyaa ProjectGlobal Lithium Price

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Liverpool Set to Break British Record with Alexander Isak Signing on Deadline Day

Morocco Poised to Make History as First African Qualifiers for the 2026 World Cup

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

Trending

Features

Methodist Church Ghana to Launch Connexional Entrepreneurship Programme – Presiding Bishop Asamoah-Gyadu Discloses

September 1, 2025

Methodist Church Ghana to Launch Connexional Entrepreneurship Programme - Presiding Bishop Asamoah-Gyadu Discloses The Presiding Bishop of...

Rt. Rev. Emmanuel Ansah Urges Graduates to Embrace Failure as Methodist Church Ghana Outdoors First Cohort of Wesleyan Entrepreneurship School

September 1, 2025

President Mahama Removes Chief Justice Torkornoo from Office Over Stated Misbehaviour

September 1, 2025

Liverpool Set to Break British Record with Alexander Isak Signing on Deadline Day

September 1, 2025

Morocco Poised to Make History as First African Qualifiers for the 2026 World Cup

September 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.