Positive project progressions in UK and EU lithium development will bode well for their respective battery supply chains and mission to reduce dependence on Chinese critical raw materials, market analyst Fitch Solutions asserts in its latest industry report.
The race to secure strategic materials for the green and digital economy remains a key theme for mining and metals in 2021, Fitch emphasizes.
key lithium projects in the development pipeline in the EU include CEZ Group and European Metals’ Cinovec project in the Czech Republic. European Metals announced that it has entered into a support and financial agreement with EIT InnoEnergy, the innovation engine of the European Battery Alliance initiated by the European Commission.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.