Atlantic Lithium appeals to government to help save Ghana’s first lithium mine
The company, which has invested approximately $70 million since 2016, is developing what would be Ghana’s first lithium mine. The project, located near Mankessim in the Central Region, was expected to place Ghana among the world’s top 10 spodumene concentrate producers. However, sharp declines in lithium prices—down more than 80 per cent from their November 2022 peak—have thrown its future into uncertainty. “We have done the maths and it doesn’t make sense at all,” Atlantic Lithium's General Manager, Ahmed-Salim Adam, told Reuters. “We have written to the Minister of Lands and Natural Resources for urgent help on the fiscals. If not, the project cannot proceed.” Ghana, already Africa’s leading gold producer, had hoped to benefit from the growing global demand for electric vehicles (EVs) by establishing the Ewoyaa mine as a strategic source of lithium, a key component in EV batteries. […]
