28.5 C
New York
Monday, August 8, 2022

Car makers participate in lithium mining

European vehicle manufacturers are increasingly looking for ways to source locally.

electromobility

European vehicle manufacturers are increasingly looking for ways to source locally.

(Bloomberg/MeM) – European Lithium, an Australian company looking to revitalize a mine in Austria, has signed a non-binding letter of intent with BMW for picking up battery grade lithium hydroxide. If an agreement is reached, BMW will pay European Lithium $15 million, money to be used to develop a mine in Wolfsberg.

The money is then repaid in the equivalent value of lithium hydroxide. Sufficient lithium is elementary for the production of large quantities of batteries for electric cars.



The Luxembourg physicist Dr. Félix Urbain is on the Spuerkeess advisory board on sustainability and also advises the EU Commission on renewable energies.


The established producers mine and process the material in Australia, China and South America and the existing processes are either energy-intensive or require a lot of water.

We want to be the first supplier of battery-grade lithium in a fully integrated European battery supply chain.

European Lithium wholly owns the Wolfsberg lithium project in Carinthia, 270 km southwest of Vienna. “Apart from a small Spanish production facility for use in ceramics/glass, the EU has so far not had its own lithium supply,” says European Lithium, which wants to become the first supplier of battery-grade lithium in Europe.

Vulcan Energy is a little further along and has already won Volkswagen as customers, as well as Stellantis and Renault. Most recently, Stellantis also took a stake in the company. Meanwhile, Bilfinger wants one for Rock Tech Lithium Build a lithium refinery in Brandenburg near the Polish border with enough capacity for half a million electric cars.

follow us on Facebook, Twitter and Instagram and Subscribe to our newsletter.


Read more on this topic



Source link

Related Articles

Shooting at Atlanta park leaves one person dead and five injured – including six-year-old child

Bloody Sunday in Atlanta: Argument at baseball game turns DEADLY when one...

Worst flight chaos over, Lufthansa board member tells Funke media

The worst is over for German airline Lufthansa (LHAG.DE) after staff shortages caused flight chaos over the summer, but levels of sick leave...

Why Jostein Gaarder is the best at explaining the world

The success of his book "Sofie's...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe

Latest Articles

Shooting at Atlanta park leaves one person dead and five injured – including six-year-old child

Bloody Sunday in Atlanta: Argument at baseball game turns DEADLY when one...

Worst flight chaos over, Lufthansa board member tells Funke media

The worst is over for German airline Lufthansa (LHAG.DE) after staff shortages caused flight chaos over the summer, but levels of sick leave...

Why Jostein Gaarder is the best at explaining the world

The success of his book "Sofie's...