The amount of lithium that would be produced from the deposit in Cínovec is sufficient for the production of up to 800,000 electric cars each year, depending on their size. ČEZ informed about this, saying that metal is an essential part of batteries in e-cars. It is also used in battery storage for renewable energy or in pharmaceuticals. It will help the Czech Republic to strengthen energy and raw material security and support the already ongoing transformation of coal regions into centers of modern energy and the development of electromobility. Thanks to lithium production, the Czech Republic will maintain its position in the automotive industry, which accounts for 10 % of GDP. ČEZ plans to extract approximately 1.8 million tons of ore annually from 2026 through Geomet.
Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul