Europe’s lithium quest hampered by China and lack of cash

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Europe’s ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America.

Even the bloc’s broader energy security and climate goals could depend on securing a steady supply of the key mineral, used in batteries and other clean energy supply chains.

But Europe has run into a trio of obstacles: lack of money, double-edged regulations and competition from China, analysts told AFP.

China has a major head start.

It currently produces more than three-quarters of batteries sold worldwide,…



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Europe’s lithium quest hampered by China and lack of cash


Europe’s ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America.

Even the bloc’s broader energy security and climate goals could depend on securing a steady supply of the key mineral, used in batteries and other clean energy supply chains.

But Europe has run into a trio of obstacles: lack of money, double-edged regulations and competition from China, analysts told AFP.

China has a major head start.

It currently produces more than three-quarters of batteries sold worldwide,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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