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Geothermal Lithium – white gold for Germany s car industry?
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L Allemagne est assise sur une énorme réserve de lithium
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Vulcan Energy acquires 2nd German geothermal engineering firm
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Australian miner strikes lithium in Germany
Australian miner strikes lithium in Germany
May 05, 2021
Massive reserve of lithium under Black Forest could power 400 million EVs
German-Australian mining start-up Vulcan Energy Resources is pushing to unlock enough lithium to power 400 million electric cars in Germany’s south-east.
Backed by Gina Rinehart’s company Hancock Prospecting, Vulcan Energy Resources is pushing to use geothermal energy to produce carbon-neutral lithium, pulled from deep beneath the Rhine River valley.
The company is targeting lithium from boiling spring water kilometres beneath the surface from an area 300km long and around 40km wide in the Black Forest, near the headquarters of both Porsche and Mercedes-Benz’s parent, Daimler.
Vulcan Energy Resources(ASX: VUL) have been having a party on the ASX lately.
At the time of writing, the lithium developer’s share price has gained 32% in 30 days, despite trading 5% down today. Currently, shares in the company are swapping hands for $7.81.
Vulcan Energy is a European lithium miner dedicated to creating the world’s first zero-carbon lithium. It owns Europe’s largest lithium resource in Germany and aims to provide lithium for the electric vehicle and renewable energy markets.
Let’s take a look at what’s been moving the Vulcan share price lately.
Vulcan Energy’s astonishing April