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
![\tt Li\rightarrow Li^+(0~to~+1)](https://img.qammunity.org/2021/formulas/chemistry/high-school/23xy2g2v9b0qc0shymicrps0m4188a2nsq.png)
Reduction
![\tt Mg^(+2)\rightarrow Mg(+2~to~0)](https://img.qammunity.org/2021/formulas/chemistry/high-school/bqill2bo9aq46x3zngc0ienx5y0n1imub2.png)