Ghana's Ewoyaa lithium mine faces a $500 million refining cost challenge

Ghana's Ewoyaa lithium mine faces a problem of costing $500 million for local refining, the Natural Resource Governance Institute warns this may lead to unprofitability.

1. Challenges in Ghana's Lithium Mine Refining

If Ghana refines lithium locally, it may incur losses of up to $500 million, mainly due to China's dominant position in the global lithium refining market and Ghana's own industrial challenges.

2. Global Lithium Refining Market Landscape

China controls most of the lithium refining capacity; its technology, economies of scale, and low-cost operations make it difficult for refineries in other regions to compete.

3. Africa's Mineral Resources Strategy

Analysts suggest African countries should cooperate regionally, integrating mineral resources to enhance their competitiveness in the global market.

Original Source: https://www.toutiao.com/article/1830217777563651/

Disclaimer: The article solely represents the author's views.