Can Portugal build a fully integrated lithium supply chain?

Alongside Spain, Portugal is leveraging its abundant lithium deposits to build a fully integrated supply chain, covering: Strengthening Europe’s battery ecosystem by reducing reliance on Chinese manufacturers will enhance supply chain security and create a more resilient local production network for lithium-ion batteries.

Why should Portugal invest in a battery factory?

“Our factory will not only create new jobs but will also place Portugal at the forefront of the production of batteries for electric vehicles in Europe,” he highlights. According to CALB, “this strategic investment” aims to “reinforce its presence in the European market for electric vehicles (EV) and energy storage systems (BESS)”.

Is Portugal taking a lead in European lithium production?

On Monday, Portugal’s Bondalti Chemicals and Reed Advanced Materials unveiled a plan to build a 25,000 tonnes-a-year processing plant. Savannah’s chief executive David Archer said the announcements showed the “strong lead” that Portugal has taken in European lithium production.

When will a lithium ore processing plant start in Portugal?

LISBON, Dec 14 (Reuters) - Portuguese oil company Galp and Swedish battery maker Northvolt announced on Tuesday a joint venture to invest 700 million euros ($790 million) to build a lithium ore processing plant in Portugal, which should start operating by the end of 2025.

What's going on with Portugal's lithium refineries?

The Galp-Northvolt joint venture is the second announcement this week about lithium refineries in Portugal. On Monday, Portugal’s Bondalti Chemicals and Reed Advanced Materials unveiled a plan to build a 25,000 tonnes-a-year processing plant.

Should Portugal invest in a lithium project?

The Aurora project should, de Sousa Martins says, encourage investment from other players into the lithium value chain in Portugal, “like cell production, gigafactories, recycling and, of course, more than anything, into the mining world”.