Savannah Resources plans to start commercial lithium production in northern Portugal in 2021
2019-10-30 14:31:40 [Print]
London-based mining company Savannah Resources said on Monday it was in talks with several major European industrial groups, including carmakers, as it gears up to start commercial lithium production in northern Portugal in 2021.
Portugal is Europe's biggest lithium producer, but its miners sell almost exclusively to the ceramics industry and are only now preparing to produce the higher-grade lithium that is used in electric cars and to power electronic appliances.
Savannah Resources said commercial production of lithium concentrate was scheduled to start in 2021, with the first full year of production in 2022 to coincide with the anticipated increase in demand for lithium for European electric vehicle production.
"Savannah Resources is in offtake and investment discussions with a number of major European industrial groups including car manufacturers and with a series of other international groups," the company said.
Portugal is Europe's biggest lithium producer, but its miners sell almost exclusively to the ceramics industry and are only now preparing to produce the higher-grade lithium that is used in electric cars and to power electronic appliances.
Savannah Resources said commercial production of lithium concentrate was scheduled to start in 2021, with the first full year of production in 2022 to coincide with the anticipated increase in demand for lithium for European electric vehicle production.
"Savannah Resources is in offtake and investment discussions with a number of major European industrial groups including car manufacturers and with a series of other international groups," the company said.
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