Climate Adaptation

Miner Gets Closer to Producing ‘Green’ Lithium for EV Batteries

Vulcan Energy presents pre-feasibility study on German license
Australian firm says it has Europe’s largest lithium resources

Electric vehicles have become a focal point in Europe.Photographer: Krisztian Bocsi/Bloomberg

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By Richard Weiss

January 15, 2021 at 4:54 PM UTC

This article is for subscribers only.

Vulcan Energy Resources Ltd. soared in Sydney after the mining company published a study suggesting it’s one step closer to providing Europe’s auto industry with a key ingredient for electric-car batteries.

Vulcan jumped 29% on Friday, to the highest value since the shares started trading in 2018, after releasing a pre-feasibility study saying its German lithium resources are the biggest in Europe.