on Vulcan Energy Resources Limited (isin : AU0000066086)
Vulcan Energy Starts Lithium Hydroxide Production in Germany
Vulcan Energy Resources Limited has commenced lithium hydroxide production at its Central Lithium Electrolysis Optimisation Plant in Frankfurt, Germany. This marks a significant milestone for Europe's independence in critical raw materials and its green mobility transition.
The company has successfully produced its first batch of sustainable lithium hydroxide from lithium chloride concentrate, extracted from brines using its Direct Lithium Extraction process. This is Europe's first fully domestically produced lithium hydroxide within an integrated supply chain.
The plant will initially produce enough lithium hydroxide annually for 500,000 electric vehicles. With a low-cost, sustainable supply chain and minimal carbon footprint, Vulcan aims to support the European battery and EV market.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Vulcan Energy Resources Limited news