Europe Accelerates Domestic Lithium Mining to Reduce Dependence on China
The European Union is intensifying efforts to secure lithium supplies through domestic mining projects, reducing reliance on China. With lithium demand projected to surge fivefold by 2030, countries like Germany, Serbia, and Portugal are advancing mining initiatives. Portugal's Barroso project has been designated strategic under the EU's Critical Raw Minerals Act, aiming for production by 2027. Meanwhile, Germany has discovered significant lithium deposits, potentially rivaling South America's lithium reserves. The EU's strategy is critical for future industrial power balance globally.
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The EU is prioritizing domestic lithium mining to reduce reliance on Chinese supply chains, with demand expected to increase fivefold by 2030. Mining efforts are underway in Germany, Serbia, and Portugal.
Portugal's Barroso lithium project has been termed strategic under the Critical Raw Minerals Act, with production anticipated by 2027, despite local opposition. Serbia's Jadar Lithium Project could supply up to 15% of Europe's needs but faces political hurdles.
Germany's recent discovery of 43 million tons of lithium carbonate in Saxony-Anhalt could position Europe alongside major global producers. The EU's rapid development of mining projects aims to enhance resource independence and reshape global energy dynamics.
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