Sibanye seeks control of Keliber in boost to Europe’s lithium supply

South African precious metals producer Sibanye-Stillwater moved to take control of the Keliber lithium hydroxide project in Finland, as part of a planned €446 million financing that aims to accelerate its development.

Sibanye said it would increase its ownership of the project from 30% to just over 50% for €146 million and then offer existing shareholders €196 million to raise it further to 80%. It would also support a further €104 million capital raise by the company.

The deal could help move the project into construction, providing Europe with a homegrown source of lithium for its automotive industry by . . .


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