South African miner Sibanye-Stillwater has approved a €588mn lithium mine and refinery in Finland that is set to play a key role in helping Europe reduce its reliance on China for the key battery metal for electric vehicles.
The Keliber project, which because of inflation is set to cost far more than previously forecast, will supply Europe with 15,000 tonnes of lithium hydroxide monohydrate, enough for 300,000 EVs.
“This is a strategically important project for both Finland and the European battery sector,” said Neal Froneman, chief executive.
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