LITHIUM, THE METAL POWERING THE GREEN ECONOMY
In the search of sustainable solutions for the future, lithium has become a key metal in the transition towards an economy based on green energy. Due to its electrochemical potential, this mineral is currently used for energy storage and the manufacturing of high-density rechargeable batteries.
The use of these devices has been increasing and is expected to continue growing in the coming years due to regulations and short-term plans to reduce the use of fossil fuels and promote more efficient and sustainable technological solutions.
MINA DOADE
A STRATEGIC PROJECT FOR THE UE
The European Commission has selected Mina Doade as a project of public interest, including it in the list of Strategic Projects under de European Union’s Critical Raw Materials Act (CRMA). This recognition highlights the EU’s commitment to securing the supply of strategic raw materials and ensuing the proper functioning of the European internal market.
GLOBAL LITHIUM DEMAND CONTINUES TO GROW
Lithium is a strategic resource in the fight against climate change, whose demand has increased in recent decades due to its application in energy storage. The European Commission has initiated regulations to address the high forecasted demand and seek solutions that promote lithium production in Europe to develop its own supply capacity.
- The European Critical Raw Materials Act “expects that global lithium demand for battery manufacturing for mobility and energy storage purposes will increase up to 89 times its current volume by 2050.”
- The World Bank in Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition estimates that, to meet global lithium demand, a production of more than three million tons will be required by 2050.
- Bloomberg estimates that by 2030, the supply of lithium-ion batteries will increase more than tenfold, and electric vehicles will account for more than 70% of the demand.
TRACEABILITY OF MINERALS
FROM MINA DOADE
Mina Doade, as a project within the stringent regulatory framework of the European Union, promotes fair trade of minerals worldwide.
The traceability of the products obtained from mining in Doade ensures that lithium battery producers do not acquire conflict minerals, metals from conflict zones or from countries that violates labour rights or exploit protected areas of the planet.
The guarantee of origin of the lithium that will be produced at Mina Doade will help certify the supply chains of battery manufacturers, contributing to a sustainable and high-value-added industry, within the framework of the European Strategic Raw Materials Act.
