Electric Cars Give New Life to Mine Excavated for Nuclear Power
- European Lithium plans to move primary listing to Austria
- Wolfsberg project on course to become biggest EU lithium mine
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Demand for a new generation of electric vehicles is breathing life into an Alpine mine that was originally excavated to feed an Austrian nuclear industry that never materialized.
The developer of the site in Wolfsberg, European Lithium Ltd., is planning to move its primary stock listing to Austria from Australia in anticipation transforming the site into the continent’s biggest producer of the light metal that powers plug-in vehicles, according to a company executive.