International investors prepare major lithium mining project in eastern Germany
威力彩玩法 / MDR / epd / Tagesspiegel Background
UK mining and metals company Zinnwald Lithium could begin lithium mining operations in Germany鈥檚 Eastern Ore Mountains as soon as in 2030 in what is estimated to be 鈥溾��. Located in the state of Saxony along the Czech border, the Zinnwald Lithium project is described as strategic and positioned 鈥渢o support Europe's lithium supply chain.鈥�
Lithium is seen as a critical raw material for Europe鈥檚 energy transition. A key component of batteries that store renewable energy for cars, households and industrial plants, lithium has become essential for decarbonisation strategies around the world. Demand for lithium is projected to multiply by 60 by 2050.
As Germany and Europe focus on energy diversification and supply security, domestic mining operations like Zinnwald have become increasingly significant. According to the project鈥檚 , the mining operations are forecast to produce 18,000 tonnes of lithium hydroxide monohydrate (LHM) a year in their first phase 鈥� enough to equip 800,000 electric vehicles with batteries, reported. Phase 2 would see increased production of 35,100 tonnes a year. The project has a mine life of over 40 years, said the pre-feasibility study.
A cash flow of 12.1 billion euros is expected over the mine鈥檚 entire operating period, as are annual profits (EBITDA) of just under 10.3 million euros, . Development costs for the project are estimated at one billion euros.
The Zinnwald production facility would be powered by renewable energy, with mining operations carried out in a "surface-friendly" manner at a depth of approximately 100 to 400 metres below ground, said Marko Uhlig, head of Zinnwald Lithium GmbH, the group鈥檚 German subsidiary. Uhlig described lithium mining as "sustainable, low disruption and low risk." Local residents and a citizens鈥� initiative have expressed concerns about the project鈥檚 environmental impact while profits flow abroad.
The EU recently unveiled 47 "" to secure and diversify access to raw materials, part of its Critical Raw Material Act agreed in 2023 to reduce dependencies and boost domestic mining for materials critical for the energy transition.聽
