WHAT IS THE CHALLENGE?
LITHIUM SUPPLY SECURITY FOR THE EU
83% of the global supply of lithium is being sourced from 4 major producers: Albemarle (USA), SQM (Chile), FMC (USA) and Sichuan Tianqi (China) with main fields located in Chile, Australia, Argentina and China, while there is no similar global level producer based in the EU.
But the EU is the second largest consumer of lithium globally with 24% of demand. The EU is in dire need to secure the supply of the critical natural resources necessary for the burgeoning EV industry. There is real investor and consumer appetite to see raw materials sourced ethically and as locally as possible. Apple and Samsung committing to using ethically sourced cobalt in their devices as an example.
The EU recognises that securing supply of battery materials is a key issue and have launched the EU Battery Alliance.
EUROPEAN LITHIUM PROJECTS DO NOT SATISFY DEMAND
European battery cell production capacity is set to increase rapidly in the coming decade. Europe currently has no commercial lithium production or refining capacity of its own to meet this demand.
As European mining projects are coming closer to producing commercially viable sources of lithium concentrate.
There is currently no centralised European operation to refine the concentrate into battery-grade lithium hydroxide or carbonate needed to supply the growing demand form European battery manufacturers.
Until now…..Green Lithium is building a centralised lithium refinery to complete this key link in the European battery supply chain.