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(Kitco News) – Keliber Oy, a lithium company, said today that the city of Kokkola granted Keliber planning permission for the company’s lithium chemical plant on April 27, 2022.

The lithium chemical plant will be built in the Kokkola industrial park in Finland. At the chemical plant, Keliber’s spodumene concentrate is converted into battery-grade lithium hydroxide monohydrate, which is used in electric vehicle batteries, among other things.

Keliber’s goal is to begin construction this summer and production in 2024.

Keliber is a Finnish European special chemical and mining company with the goal of producing sustainable, high purity, battery-grade lithium hydroxide for the growing lithium battery industry in 2024 using its own ore.

Planned operations include lithium mines and mill at Kaustinen, Kokkola and Kruunupyy, Finland, and a lithium hydroxide plant at Kokkola.

Earlier in September 2021, Keliber announced that the estimated proven and probable ore reserves of the largest Rapasaari deposit at its Keliber project now total 8.21 million tonnes, up 55% from the previous estimate, at an average lithium oxide (Li2O) content of 0.89.

Sibanye-Stillwater owns approximately 30% of Keliber.

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