Germany may seem to mine an area thousands of meters beneath the Rhine river that is thought to be among the planet ’s largest reductions of lithium.
Geologists believe that the region of this Upper-Rhine Valley in the Black Forest region of southwestern Germany has sufficient lithium for over 400 million electrical vehicles. German-Australian start-up Vulcan Energy Resources considers the deposit can lower the German car business ’s reliance on imported lithium ion and would like to constructed five power stations in the region.
“The lithium deposit we’re talking about here is colossal and its properties are ideal for our goal of producing high quality lithium ion to a large industrial scale Germany,” Vulcan Energy Resources co-founder Horst Kreuter informed Reuters.
Kreuter added that the company plans to spend €1.7 billion ($2 billion) to develop geothermal channels and facilities which will extract the entire lithium. The company asserts it could be extracting up to 15,000 tons of lithium hydroxide each year in the two websites by 2024. From 2025 onwards, another phase of extraction can see it reach an outcome of 40,000 tons each year at three other sites.
The European Union has estimated that the region will require 18 times more lithium by 2030 than today and 60 times greater by 2050. The majority of the lithium imported into Europe stems from distant Australia and the deserts of South America in which the lithium is generated by the evaporation of salt flats. Portugal is the largest lithium manufacturer in Europe but the majority of its lithium is sold into the ceramics industry.
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