Chemical equation represents a redox reaction :
2Li + MgCl₂ → 2LiCl + Mg
Further explanation
The oxidation-reduction reaction or abbreviated as Redox is a chemical reaction in which there is a change in oxidation number
Reaction
2Li + MgCl₂ → 2LiCl + Mg
Oxidation is an increase in oxidation number, while reduction is a decrease in oxidation number.
Oxidation

Reduction
