Europe has been experiencing a lithium boom in recent years due to increased demand for electric vehicles as well as batteries used in them. With the advent of the “green revolution”, new sources of lithium are needed to meet the growing needs of the tech industry.
Europe has been looking to lithium rich nations such as Australia, Bolivia and Chile for supply, however, the continent has now become the focus of attention in the lithium mining industry due to its own rich natural deposits.
European lithium deposits are geographically diverse and widely distributed across the continent, making them highly sought after by mining companies. Lithium deposits in Europe are mainly located in Finland, Sweden, Portugal, Spain, and Ireland.
The majority of European lithium resources are found in Finland. Of the total European lithium reserves, Finland alone makes up over 50%. Finland has been at the forefront of lithium extraction in Europe and is home to several large-scale lithium mining projects, such as the ambitious Mada lithium project.
The Mada project is one of the biggest current investments in the in European lithium industry and is meant to supply the rapidly expanding lithium needs of the tech industry, particularly within the automotive sector.
Sweden is another major player in the European lithium industry. Swedish companies have been extracting lithium for quite some time and have recently made some large investments in lithium mining projects in the country.
Portugal is beginning to make a name for itself as one of the top European lithium producers. Exploration activities are ongoing in Portugal and several new lithium projects are being established, such as the impressive Luso-Mines project which is seeking to take advantage of exorbitant levels of lithium present in the region.
Spain and Ireland are both growing in importance with regards to lithium production, with exploration activities ongoing in both countries.
As the global shift towards electric vehicles and other “green” technologies continues to take place, the demand for lithium is expected to only increase. With the growing number of lithium mining projects being established in Europe, the continent is well-placed to take advantage of the demand for this important mineral.
Europe has been experiencing a lithium boom in recent years due to increased demand for electric vehicles as well as batteries used in them. With the advent of the “green revolution”, new sources of lithium are needed to meet the growing needs of the tech industry.
Europe has been looking to lithium rich nations such as Australia, Bolivia and Chile for supply, however, the continent has now become the focus of attention in the lithium mining industry due to its own rich natural deposits.
European lithium deposits are geographically diverse and widely distributed across the continent, making them highly sought after by mining companies. Lithium deposits in Europe are mainly located in Finland, Sweden, Portugal, Spain, and Ireland.
The majority of European lithium resources are found in Finland. Of the total European lithium reserves, Finland alone makes up over 50%. Finland has been at the forefront of lithium extraction in Europe and is home to several large-scale lithium mining projects, such as the ambitious Mada lithium project.
The Mada project is one of the biggest current investments in the in European lithium industry and is meant to supply the rapidly expanding lithium needs of the tech industry, particularly within the automotive sector.
Sweden is another major player in the European lithium industry. Swedish companies have been extracting lithium for quite some time and have recently made some large investments in lithium mining projects in the country.
Portugal is beginning to make a name for itself as one of the top European lithium producers. Exploration activities are ongoing in Portugal and several new lithium projects are being established, such as the impressive Luso-Mines project which is seeking to take advantage of exorbitant levels of lithium present in the region.
Spain and Ireland are both growing in importance with regards to lithium production, with exploration activities ongoing in both countries.
As the global shift towards electric vehicles and other “green” technologies continues to take place, the demand for lithium is expected to only increase. With the growing number of lithium mining projects being established in Europe, the continent is well-placed to take advantage of the demand for this important mineral.
