Vulcan Energy
$VUL (+8,16 %) has built a demonstration demonstration plant for the production of lithium hydroxide for electric car batteries.

The lithium is extracted from thermal water in the Upper Rhine Graben and industrial production is scheduled to start in 2027. It is particularly important to emphasize that the lithium sustainably produced in Europe, with the energy required being generated CO2-free using geothermal energy.

CEO Cris Moreno emphasized that this will make an important contribution to strengthening the battery value chain in Germany and Europe. -Handelsblatt

Photo: Vulcan Group