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French mining company Imerys on Monday unveiled plans to develop a lithium mine in central France, which it said could be a major contributor to Europe's
quest for battery materials for electric vehicles.
Electric vehicles such as Renault's Zoe are key to the EU's emissions reduction strategy, which is trying to reduce its dependence on
Asian battery supplies.
Imerys aims to produce 34,000 tonnes of lithium
hydroxide per year at an existing mine in Beauvoir, north of Clermont-Ferrand, for at least 25 years from 2028.
The company said it would be one of the largest lithium projects in Europe, enough to supply about 700,000 EV batteries a year — a sizable part
of the government's goal of producing 2 million EVs in France by 2030.
Imerys CEO Alessandro Dazza said the group will now begin negotiations with potential industrial and financial partners, including automakers, with a view to finalising the investment model
before the main construction phase, which is expected to cost around 1 billion euros and start in mid-2025.
Imerys positioned the project as a low-emission project, utilizing existing mining sites and underground mining
supported by electric vehicles.
New mining projects can draw local opposition, as evidenced by environmental protests in Serbia, which led the government to cancel Rio Tinto's license
for Europe's largest lithium project.
Dazza said Imerys did not see significant risks
in obtaining planning permission supported by local and national authorities.
The mining plan has been welcomed by the French government, which announced that it is one of five key metals projects, as well as a recycling program led by mining group Eramet, which will receive a total of 100 million euros in funding
.
Imerys estimates that the cash cost of the planned lithium mine is 7-9 euros
per kilogram.
The mine will be located in Beauvoir, where the company has been mining kaolin
for ceramics since the late 19th century.
Currently, most of the world's lithium production and known reserves are outside Europe, especially Australia, South America and China
.
Eramet is developing lithium production in Argentina and, together with other companies, is exploring geothermal lithium
mining in the Rhine basin near the Franco-German border.
French mining company Imerys on Monday unveiled plans to develop a lithium mine in central France, which it said could be a major contributor to Europe's
quest for battery materials for electric vehicles.
Electric vehicles such as Renault's Zoe are key to the EU's emissions reduction strategy, which is trying to reduce its dependence on
Asian battery supplies.
Imerys aims to produce 34,000 tonnes of lithium
hydroxide per year at an existing mine in Beauvoir, north of Clermont-Ferrand, for at least 25 years from 2028.
The company said it would be one of the largest lithium projects in Europe, enough to supply about 700,000 EV batteries a year — a sizable part
of the government's goal of producing 2 million EVs in France by 2030.
Imerys CEO Alessandro Dazza said the group will now begin negotiations with potential industrial and financial partners, including automakers, with a view to finalising the investment model
before the main construction phase, which is expected to cost around 1 billion euros and start in mid-2025.
Imerys positioned the project as a low-emission project, utilizing existing mining sites and underground mining
supported by electric vehicles.
New mining projects can draw local opposition, as evidenced by environmental protests in Serbia, which led the government to cancel Rio Tinto's license
for Europe's largest lithium project.
Dazza said Imerys did not see significant risks
in obtaining planning permission supported by local and national authorities.
The mining plan has been welcomed by the French government, which announced that it is one of five key metals projects, as well as a recycling program led by mining group Eramet, which will receive a total of 100 million euros in funding
.
Imerys estimates that the cash cost of the planned lithium mine is 7-9 euros
per kilogram.
The mine will be located in Beauvoir, where the company has been mining kaolin
for ceramics since the late 19th century.
Currently, most of the world's lithium production and known reserves are outside Europe, especially Australia, South America and China
.
Eramet is developing lithium production in Argentina and, together with other companies, is exploring geothermal lithium
mining in the Rhine basin near the Franco-German border.
