With the completion of the first lithium hydroxide extraction and refining plant on European soil, the old Continent may now also be officially aimed at «release» China in the raw materials sector.
Οι τεράστιοι ενεργειακοί θησαυροί που εντοπίστηκαν στη Φιλανδία They predict that Europe will be able to rely on its own forces for the energy transition to electric power, building its own supply chain.
The so far strong lead of the Chinese concerning lithium mining begins to retreat, as The deposits existing can cover the production of around 15,000 tonnes per year, for a period of at least 18 years, i.e. 10% of current demand in Europe, while the expansion of mining to more parts of the region is already being considered
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More specifically with the recent completion of the construction of the first mining project lithium in western Finland, Syväjärvi's mine will produce the first lithium hydroxide in Europe, a key raw material of high strategic importance used for batteries from smartphones to electric vehicles.
The project involving a complete industrial process, from breaking and enriching the rock to turning it into lithium hydroxide in the refinery will start production in the coming months and will reach full dynamics in 2028.
The total area of deposits is estimated at approximately 500 square kilometres, While in full development the project is expected to employ some 350 workers, significantly strengthening the local economy.
The facility is operated by a Finnish mining company owned by 80% in a South African mining group and 20% in the state-owned Finnish mineral group.
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In the last few weeks, the shareholders of the facility agreed to raise additional funds to strengthen the project which makes it important both at Finnish and European level, strengthening the effort to reduce dependence on China and other nations, As the data of the European Commission indicate, Europe is based on foreign sources for about 81% of the extracted lithium and 100% of the refined lithium.
In addition to Finland correspondent in Europe «Run» hundreds more mining, processing, refining and production of lithium in countries such as Serbia, Portugal, Germany and France, worth around EUR 19.8 billion.
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