Miner Gets Closer To Producing ‘Green’ Lithium For EV Batteries

Vulcan Energy Resources 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.

The Australian startup claims it can produce battery-grade lithium without emitting carbon dioxide, and do so more efficiently than its rivals.

( Image by https://pixabay.com/users/goranh-3989449/ )