Australia
European Lithium will use cutting-edge technology to help fuel Europes sustainable energy future
European Lithium Ltd (ASX:EUR) (VIE:ELI) (FRA:PF8) is committed to use cutting-edge technology for clean lithium production as it sets the highest standards to help fuel a sustainable future of European electromobility and storage systems.
The company aims to be the first local lithium supplier into an integrated European battery supply chain, with the first production of battery-grade lithium in the heart of Europe, expected in 2023.
To help achieve these aims, the company is aligning itself with increasing cleaner energy future initiatives being implemented by the European Union (EU).
Independence from Asia[hhmc]
This strategy will help the EU gain independence from Asian production as at present about 90% of all batteries for electric vehicles come from Asia.
The EU is committed to “building a strategic battery value chain in Europe” by investing €200 million in battery research and innovation.
It is also facilitating the approval procedures and permitting processes for mining ..
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