See Ghana’s plan to enter electric vehicle market via $30m deal with Atlantic Lithium

Lithium, a critical component in batteries used in electric cars, is in great demand, and prices have skyrocketed, sparking interest in projects around Africa.

Ghana’s state-owned Minerals Income Investment Fund (MIIF) is negotiating a $30 million investment in Atlantic Lithium (A11.AX), which is constructing a lithium mine in the West African country.

Atlantic Lithium simply stated that “discussions are underway,” and that there is no guarantee that an investment would be made. A firm spokeswoman did not immediately reply to a request for comment on a prospective Ghana stock exchange listing.