The Portuguese oil group Galp Energia and the Swedish electric battery producer Northvolt will build a lithium refining plant on the outskirts of Lisbon.
The plant, one of the largest in Europe, should be fully operational by 2025. It will produce between 28,000 and 35,000 tonnes of lithium hydroxide per year, a volume sufficient to equip 700,000 electric vehicles.
A figure to put into perspective, especially when we know that (excluding the crisis), the European market represents 12 million cars.
But the announcement nevertheless sounds like a relief, especially when we know that lithium needs will increase to 450,000 tonnes in the coming months, i.e. 10,000 tonnes more than current production, which has been greatly slowed down by geopolitical tensions. .
Obviously, the European Commission is following this issue closely and encourages it, as does the Portuguese government, which hopes to be able to develop its subsoil (within a strict environmental framework, of course) while creating jobs.
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