Building Independence And Resiliency Supporting The Development Of Lithium Production In Europe

WEB Building Independence and Resiliency Supporting the Development of Lithium Production in Europe

WEB 5 Increasing Lithium Supply Security for Europes Growing Battery Industry Recommendations for a Resilient

The 2030 outlook for the battery value chain

The European Union and Serbia signed a deal Friday to develop the supply of lithium, seen as a crucial component in the transition to electric vehicles and renewable energy sources.

The deal is part of the EU's efforts to reduce its reliance on imports of lithium, which is mostly mined in China, Australia, and Chile.

The EU wants to develop its own lithium production capacity to meet the growing demand for batteries in electric vehicles and other applications.

• The EU is the world's largest market for electric vehicles, and demand for lithium is expected to grow rapidly in the coming years.
• The EU currently imports about 80% of its lithium from China, and this dependence is seen as a risk to the EU's economy and security.
• The EU has set a target of producing 30% of its lithium needs by 2030.

WEB A public-private alliance convened by the US Department of Energy and managed by Argonne

The deal with Serbia is one of several initiatives the EU is taking to develop its own lithium production capacity.

The EU is also investing in research and development of new lithium mining technologies and is working with other countries to develop new lithium supplies.

The EU's goal is to become a leader in the global lithium market and to reduce its dependence on imports.

• The EU has invested €1 billion in research and development of lithium mining technologies.
• The EU is working with Australia, Canada, and other countries to develop new lithium supplies.
• The EU is also working to develop new recycling technologies for lithium batteries.