Demand for the world’s lightest metal, lithium, is forecast to grow strongly in the coming decade as car manufacturers ramp up production of electric vehicles (EVs).
Europe is already an important centre for EV manufacturing, which requires lithium for lithium-ion (L-ion) batteries that are also used in electronics and energy storage for renewables. This being the case, a growing number of companies are looking to develop lithium deposits across Europe, including in the Western Balkans, specifically Serbia, and more recently Bosnia too.
Further north, European Metals Holdings is developing the Cinovec lithium and tin project in Czechia, which it says has the potential to be the lowest-cost hard rock lithium producer in the world. The deposit is located in a historic mining area in the Krusne Hore Mountains, close to Czechia’s border with Germany. There are other major lithium deposits in Austria, Finland, Portugal and Spain.
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.
