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Reuters: Europe will be able to cover only 40% of its lithium needs by 2030 – Rossiyskaya Gazeta

Date: June 20, 2024 Time: 11:57:44

According to her, Europe currently does not produce an ounce of lithium, which, in particular, is a key component for electric vehicle batteries, and the United States provides only 2% of global demand.

Jukka notes that Europe’s first lithium mine is scheduled to come online in Finland in 2025, while the French intend to produce 34,000 tonnes of lithium hydroxide a year at the mine, which is due to open in 2028.

“If all European lithium projects are implemented, they will be able to meet around 40% of the expected demand of 600,000 tons per year by 2030,” the author writes.

The observer estimates that by 2050, Europe will have to spend a total of 5.3 trillion dollars on clean energy projects, which by 2040 will require a six-fold increase in world production of copper, lithium, graphite, nickel and other earth metals. rare.

At the same time, Yucca writes, China leads in processing and, to a lesser extent, in the extraction of the most important products – it processes 58% of the world’s lithium, 65% of the cobalt and more than a third of the nickel and copper. .

“Russia is also rich in nickel, palladium and cobalt. Europe, which imports between 75% and 100% of most metals, seems especially vulnerable,” the author states.

In February, it was reported that Gazprom would start mining lithium in Russia.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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