lithium
An official trade partnership to source critical raw materials from Serbia is looming with negotiations at the final stages of legal wrangling, Commissioner Maroš Šefčovič told Euronews during a high-level event in Brussels. The trade deal between the EU and Serbia has been cooking for a while with the signing of a letter of intent last September — to strengthen and expand cooperation on critical raw materials and electric vehicles value chains — a clear signal that the EU executive and Belgrade were keen to join forces, provided that environmental and social acceptance challenges around the p...
Euronews (English)
The Critical Raw Materials Act (CRMA), recently adopted by the EU Council, paves the way for the European industry to deliver 10% of extraction, 40% of refining and 15% of recycling of key minerals by 2030. The new law identifies two lists of materials — 34 critical and 17 strategic — that are crucial for the green transition. Lithium is one of a small group of highly significant critical raw materials. Why Lithium?Lithium has been classified as a key component in the EU’s quest to ditch fossil fuels and switch to clean energy as the mineral is set to see increased demand for the massive produ...
Euronews (English)
US private equity giant Blackstone has recently announced that it has bought some property in Cambois, Northumberland, which investors had once expected would be used to build Britain’s first electric vehicle (EV) battery gigafactory. Britishvolt, a UK lithium-ion battery manufacturing start-up, backed by mining heavyweight Glencore, was supposed to take over this particular piece of land, in order to build a £3.8 billion (€4.45 billion) gigafactory. However, in January 2023, before the company could fulfil these ambitious plans, it went into administration. This led to over 200 employees bein...
Euronews (English)
The 'lithium triangle' - spanning Argentina, Chile and Bolivia - is home to the largest reserve of lithium anywhere on Earth. This metal is key in the transition to net zero, used in electric car batteries, crucial to solar and wind energy and much more. But to extract it, mines suck water out of the white salt flats that cover this land. Land that has sustained thousands of Indigenous communities that have lived within here since before Elon Musk was but a glint in his mother's eye. As the world’s most powerful increasingly look to the triangle as a crucial puzzle piece in their plans, many w...
Euronews (English)
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