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Reading: French lithium mine project may serve as Europe’s major supplier in electric vehicle strategy 
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EV-a2z > News > French lithium mine project may serve as Europe’s major supplier in electric vehicle strategy 
News

French lithium mine project may serve as Europe’s major supplier in electric vehicle strategy 

admin
Last updated: 2022/10/27 at 5:22 PM
admin Published October 24, 2022 3 Min Read
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Imerys, a French mining business, has disclosed plans to build a lithium mine in the heart of France. The company reportedly claims that it might play a key role in Europe’s search for crucial electric vehicle battery materials, as per Reuters.

Contents
Imery’s Emili project targetsNeeded capital for the Emili projectEuropean Union’s stance on the Emili project

Le projet d'extraction de lithium à un milliard d'euros d'Imerys électrise son cours de Boursehttps://t.co/kzjwGJra27 pic.twitter.com/fAbxczkE1Z

— BFM Business (@bfmbusiness) October 24, 2022

“Imerys’ Emili project is a crucial milestone in the group’s strategic shift towards developing its portfolio of specialty minerals businesses focusing on sustainable energy,” the company said.

After Imerys revealed its ambition to become a key supplier to the European battery industry, its market shares increased on Monday.

Imery’s Emili project targets

On Monday, Emerys stated that the Emili project would be one of Europe’s biggest lithium mining projects. It aims to generate approximately 34,000 metric tons of lithium hydroxide per year at its Beauvoir site in Allier, central France. 

Batteries: en France, Imerys annonce "l'un des plus grands projets d'extraction de lithium de l'UE" https://t.co/S6kmq3s1Nu pic.twitter.com/Xg3x4KZIRk

— Vincent Lamigeon (@VincentLamigeon) October 24, 2022

The French company projected that the mine would start production in 2028 and continue to generate the desired amount for at least 25 years.

Additionally, it is claimed to be sufficient to supply the batteries for about 700,000 electric cars per year. It represents a large portion of the government’s goal to generate 2 million EVs annually in France by 2030.

CEO Alessandro Dazza stated, “the Emili project would provide a sustainable, competitive, domestic source of lithium supply for French and European carmakers.”

Needed capital for the Emili project

MarketWatch reported that approximately 1 billion euros ($983 million) in capital expenses were predicted to be required for the mine’s construction. Meanwhile, the production cash cost was estimated at 7-9 euros per kilo.

European Union’s stance on the Emili project

It is worth noting that the European Union’s objective to reduce carbon emissions relies heavily on electric vehicles. The union is attempting to rely less on Asian battery suppliers as part of the strategy.

European Commission President Ursula von der Leyen predicted last month that “lithium and rare earths will soon be more important than oil and gas.” 

However, local opposition to new mining operations might arise. Furthermore, the EU currently discusses lithium classification as a hazardous material as it can hike project costs.

Nonetheless, the French government supported the project. If everything goes according to plan, the Emili project could significantly boost European industrial independence.

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TAGGED: Battery, Europe, France, Imerys, Lithium, Lithium-ion Battery
admin October 27, 2022 October 27, 2022
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