The Consumption of Lithium will Increase by 8 until 2030

Lithium is an essential and strategic mineral on a world level due to being key for the current development of renewable energies. This mineral is the essential and irreplaceable raw material for the manufacture of batteries for electronic devices, energy storage and to an even greater extent, electric automobile batteries. Global forecasts indicate that the consumption of lithium will multiply by 8 from the present time until 2030.

Valdeflórez, a zone with unique geological features where mining already existed until the 70s, may be one of the largest deposits of lithium in Europe with the social, economic and industrial development that this discovery would mean for Cáceres and Extremadura.

The lithium hydroxide that will be processed in the San José Valdeflórez plant is an essential component for lithium-ion batteries, the lynchpin for the development of the electrical vehicle (EV). It is estimated that with the lithium hydroxide that will be processed in Cáceres the batteries of more than 10 million fully electric vehicles will be manufactured, which will become a supply guarantee that would help to shore up the investments in Europe, which is facing the profound transformation that the automobile sector has already begun. 

The transitions towards electrical mobility is ultimately aimed at the reduction of CO2 emissions. For that reason, it is considered indispensable to have nearby sources of natural resources in order to avoid a situation where the lithium must be transported up to 50,000 kilometers from the deposit to the final user of the vehicle. 

A domestic supply will reduce the total carbon footprint of the electric vehicle, which also considers the CO2 produced during manufacturing. By including the entire value chain in Europe, San José Valdeflórez would lead to the reduction of almost 90% of the emissions, associated with the transport of lithium. 

━ Ample supply

With the lithium extracted in Cáceres, the batteries of more than 10 million fully-electric batteries will be manufactured.