Goy tuuhuud: Booming electric car sales drive lithium rush in Portugal

Saturday, September 22, 2018

Booming electric car sales drive lithium rush in Portugal

"The more we drill, the more we find," says David Archer
as he stands at the foot of a drilling crane perforating the granite rock of mountains near Boticas in northern Portugal to measure its lithium content.
The metal has become a form of precious "white gold" since demand for electric batteries has taken off.

Archer's British mining firm, Savannah Resources, expects to open "Europe's most important lithium mine" in 2020 here in the remote highlands of Tras-os-Montes, Portugal's poorest and least-known region.
The company announced Monday that lithium resources at its Mina do Barroso project there were 44 percent higher than previously estimated.
Just 25 kilometres (15 miles) away in the town of Montalegre, Portuguese firm Lusorecursos also claims to sit on Europe's "most important lithium deposit" which it expects to begin mining in 2020, according to its financial director Ricardo Pinheiro.


Read more at: https://phys.org/news/2018-09-booming-electric-car-sales-lithium.html#jCp

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