(London) — A gang of Perth mining juniors is clambering aboard Europe’s lithium bandwagon, shrugging off the global price doldrums and betting that European governments and car makers will deliver an electric vehicle and battery bonanza.
The fundamentals for a European lithium boom seem in place. Coronavirus has put barely a dent in the European car makers’ sales of, and ambitions for, electric vehicles – and soon they will need more battery-ready lithium than the world can supply.
“Europe is the place where lithium demand is going to grow the fastest of anywhere in the world, and it has no domestic supply whatsoever,” says EMH executive chairman Keith Coughlan. “The supply-demand equation is as simple as that.”
By Hans van Leeuwen (PUBLISHED August 9, 2020, 11.25pm)
For AFR (http://www.afr.com/)
Image credit: Getty – Rolling them out: Electric cars ready to leave VW’s German plant.