If in the last century the main resource in the field of transport was oil, now it is the turn of minerals, the price of Lithium, used in the electric car industry, to be in great demand.
Germany said it had discovered significant reserves under the Rhine. These are enough to build batteries for 400 million electric cars, according to estimates.
The element is found at great depths, and its extraction will reduce the country’s and Europe’s dependence on Lithium imported from other areas, such as Asia, Australia or South America.
Car companies in Europe, such as Volkswagen and Renault, have already begun to take the recycling of used batteries seriously to extract valuable elements such as nickel, cobalt and lithium.
Exploitation of the Lithium deposit could be difficult
Lithium is a key element in the production of batteries for electric cars. Even the latest technologies are based on this element. “You can’t have electric cars without batteries and you can’t have lithium batteries,” said Keith Phillips, CEO of Piedmont Lithium, a company in the field.
German authorities fear, however, that locals in the deposit area will not agree to mining operations in the area.
However, Vulcan Energy Resources, an Australian company that will extract the element in Germany, has announced that it has found a way to produce Lithium without polluting the environment.
Read also: The ally found by oil companies in an attempt to slow down the adoption of electric cars
Source: Go4IT by www.go4it.ro.
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