Germany has huge deposits of lithium to create batteries for electric vehiclesMay 3, 2021
The Rhine region, which has enough lithium to build 400 million electric vehicles, could reduce Germany’s dependence on lithium imports. One local startup will try to develop a deposit thousands of meters below the Rhine River, which is considered one of the world’s largest lithium deposits.
According to geologists, there is enough lithium in the Upper Rhine Valley (southwestern Germany) to build 400 million electric vehicles. Vulcan Energy Resources believes the field will help reduce the dependence of the German auto industry on imports of lithium and wants to build five power plants in the area.
“The lithium deposit we are talking about is huge and its properties are ideal for our goal of producing high quality lithium on a large industrial scale in Germany,” said Horst Kreuter, co-founder of Vulcan Energy Resources.
Mr Kreuter added that the company plans to invest 1.7 billion euros in the construction of geothermal plants and facilities that will produce lithium. The company says it will extract up to 15,000 tonnes of lithium hydroxide per year at two sites by 2024. Starting in 2025, the second stage of production in three additional areas will achieve a capacity of 40,000 tons per year.
According to analysts from the European Union, by 2030, Europe will need 18 times more lithium than today, and by 2050 this figure will increase 60 times. Now, lithium is mainly imported into Europe from Australia and South America.
Not so long ago, AutoTimesNews wrote that GM will use lithium metal batteries in its electric vehicles. General Motors President Mark Reuss used the Washington Post Live event to announce a new partnership with SolidEnergy Systems to expand the use of lithium metal batteries in its electrified vehicles.
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