Mining for EU 2030 target

 In Mining, News

The Portuguese Government says that Portugal can make a significant contribution across all phases of the value chain to meet the EU’s critical raw materials extraction strategy targets for 2023.

Portugal has significant despots of lithium ore which are valuable as the manufacturing and sale of electric cars grows all over the world.
The price of lithium quadrupled to 2022 and Portugal sits on some of Europe’s biggest lithium deposits and, as a result, will develop Europe’s biggest lithium mining and treatment plant.
The two main lithium extraction companies and the Government believe that Portugal can make a significant contribution to achieve community target by 2030.
An official source at the company Savannah has welcomed the publication of the European Union’s Law on Critical Raw Materials, stressing that it presents a paradigm shift in the EU’s recognition of the importance of these critical raw materials as a key ingredient to achieve the EU’s carbon neutrality achievement by 2050.
Savannah, one of the largest mineral and ore mining companies in the world, is awaiting an environmental licence for open-cast mining at Boticas, in the Vila Real district of Portugal, in 2024.
On March 16, the EU Commission announced that by 2030 at least 10% of critical raw materials used in the EU should be extracted from European soil, including lithium and cobalt.