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Czech Republic Declares Lithium Deposits as Strategic for National Resource Security
The Czech government has designated lithium deposits in the Cínovec and Horní Slavkov regions as sites of strategic importance. This decision aims to bolster the nation's resource security, reduce reliance on imports of critical raw materials, and capitalize on potential lithium extraction within the country.
By harnessing domestic lithium resources and supporting planned investments, the Czech Republic envisions establishing a comprehensive supply chain for battery production, particularly for electric vehicles. This initiative is expected to enhance national competitiveness, stimulate economic growth, and generate new employment opportunities. Moreover, it seeks to diminish dependence on imports from third countries.
The government's approval of the decree underscores the strategic significance of these lithium deposits, positioning the Czech Republic to play a pivotal role in the burgeoning electric vehicle industry.
Source: www.mpo.gov.cz
Author: CzechTrade Scandinavia
