The European continent is rapidly becoming a hub for the lithium industry. With the surge in demand for electric vehicles, lithium-ion batteries have become an essential component of the automotive industry. To meet this demand, Europe has come to the forefront of lithium production.
In recent years, European lithium production has surged as numerous companies have invested heavily in the region. The latest to join the fray is European Lithium Limited. It is a multinational lithium exploration and production company with major investments in parts of Austria and Germany.
The company has a portfolio of four lithium projects in the continent, namely the Wolfsberg Lithium Project in Austria and the DISCOVERY and Rössing Lithium Projects in Germany. The fourth project is located in the Saxony-Anhalt region of Germany and is called the Treffen Lithium project.
European Lithium Limited is currently carrying out an exploration program in the region and plans to start mining operations in the near future. The Wolfsberg Lithium Project is the largest and most advanced among the four projects. Mining is expected to begin here by the end of 2021.
The other three projects are still in the exploration phase with plans for initial production from the DISCOVERY and Rössing projects slated for 2022. The Treffen Lithium project is expected to enter production by 2023.
The Wolfsberg Lithium Project has the capability to produce 17,500 tonnes of lithium carbonate per annum. The DISCOVERY and Rössing Lithium Projects are expected to tap into the European market, while the Treffen Lithium Project will cater to the Asian lithium markets.
The European Lithium Limited operates in a secure and politically stable region and has access to several world-class infrastructures within close proximity. This ensures smooth running of operations as well as minimal disruption.
The European Lithium Limited is fast gaining popularity due to its operational efficiency and cost-effective production. The company’s high-grade lithium products are of superior quality and help reduce carbon emissions. In the long run, the company is looking to become a leading supplier of lithium to the electric vehicle market in Europe.
With the rising demand for electric vehicles and lithium-ion batteries, the lithium industry in Europe is sure to witness an unprecedented growth in the coming years. And due to its dependable services and competitive pricing, the European Lithium Limited is certainly positioned to capitalize on this growth.