EU identifies graphite, lithium, cobalt as critical raw materials
A report by the EU’s executive, to be published in September, is expected to sound the alarm on the EU’s over-reliance on imports of critical raw materials which threaten to undermine its target to become climate neutral by 2050. The report is a call to arms to start building out a value chain for battery raw materials as soon as possible. It suggests that by 2030 the EU will consume 18x more lithium and 5x more cobalt than it does today. Lithium has been added to the critical raw materials list. While there are a number of early-stage lithium and...