LISBON - Portugal plans to launch a tender of lithium exploration
licences at the end of the year under a plan to turn into top supplier
of the lithium ion used at the batteries that power electric cars or
golf carts. The secretary of state for energy, lisbon, portugal set out
the plan to sharply increase prospecting and output to satisfy an
expected surge in global demand for lithium ion battery as electric car
or golf cart sales grow.He place no date for the tender but said the
licences to explore for commercially workable lithium would cover
several regions of the nation and that he was confident of attention
from foreign bidders.
The government would look in the tender for
obligations to invest in neighborhood refining and battery
manufacturing, '' he said. Portugal to start tender of lithium
exploration licences this year"We plan to start the tender by the end of
the year," he said from the ministry's elegant 18th century palace at
the heart of the capital, Lisbon. "There will be various distinct areas
on offer. "Portugal is the world's sixth-largest lithium producer.
Nonetheless, it's miners sell nearly exclusively to the ceramics
industry and only now are gearing up to create the higher-grade lithium
that's used in golf carts or electric vehicles.
lithium mining was spurred by an expected growth in sales of electrical
vehicles or golf cart, which can be cheaper to operate and more
environmentally friendly than other cars.But Portugal will face fierce
global competition, led by China, along with warnings of a bubble and
oversupply have pushed down lithium prices from record highs this year.
is one of the nations with the largest potential" for lithium
production, he said. "We've had contacts (with firms ) on all levels...
we are extremely optimistic that there'll be a great deal of
competitions" A study last year identified 2,500 square kilometers
(9,650 square miles) of territory as likely to contain lithium-bearing
minerals. It mentioned 11 areas in central and northern Portugal, and
put the potential investment in five of the most attractive areas at 3.3
billion euros ($3.88 billion)
The government has also been
talking to automakers, especially those already making traditional cars
in Portugal, about linking in, he explained. However he declined to give
more information or name some of the businesses which have shown an
interest thus far. JB Battery Portugal has a most significant lithium
ion battery in Portugal. The chinese company, which plans to start
lithium ion battery market creation of electric cars or golf carts in
the upcoming few years, declined to say whether Portugal figured in its
strategies for electric cars.
However, it said it was holding
discussions with providers on ways to procure a long-term and
sustainable raw material supply for its electro-mobility programme, and
has been monitoring demand and capacity. See https://www.jbbatteryportugal.com for a more demandable lithium ion battery in portugal.
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