Friday, June 13, 2025

World Nuclear News

Poll finds global public support for nuclear remains high


Friday, 13 June 2025

Twice as many people support the use of nuclear energy than oppose it, according to the latest multinational public opinion poll conducted by market research firm Savanta on behalf of energy consultancy Radiant Energy Group.

Poll finds global public support for nuclear remains high
(Image: Radiant Energy)

The Public Attitudes toward Clean Energy (PACE) index is described as "the world's largest publicly-released international study on what people think about nuclear energy", with data collected from almost 32,000 respondents in 31 countries.

"Across the countries surveyed, which represent almost two-thirds of the world's population, 46% support nuclear energy compared to 23% who oppose it," Radiant Energy said. That compares with the previous year when 46% of respondents supported nuclear energy with 28% opposing it. The newly published report shows that "22 of the 31 countries surveyed have net support (support exceeding opposition) for nuclear energy's use. Support is over three times higher than opposition in China, Poland, and Russia".

The survey shows that more than three times as many respondents want to keep using nuclear as want to phase it out. In most countries surveyed, over 40% support building new nuclear plants. In Russia, Poland, Norway, Finland, the Netherlands, Sweden, and France, public support for subsidising new nuclear construction is comparable to support for subsidising large-scale solar and onshore wind.

While support for nuclear was found to be high, 86% of respondents said they are concerned about the health and safety implications of nuclear's use. In addition, while 42% of respondents see nuclear energy as creating no or low levels of carbon emissions, 48% see nuclear energy as creating moderate or high levels of carbon emissions.

The survey found that the cost of nuclear is seen as low by more people than the cost of wind or solar in countries that have previously phased out nuclear's use. In Germany, Taiwan, Japan, South Korea and Sweden - countries that have had the largest politically-mandated nuclear phase-outs or closures - nuclear energy is the most positively viewed technology for reducing energy bills.

All countries show strong concern about nuclear waste. Countries pursuing one of several different waste solutions show less negative attitudes towards nuclear waste.

Public concern about nuclear waste is relatively low in Finland, home to the Onkalo repository. Similarly low levels of concern are seen in the Netherlands, which stores its waste at its above-ground COVRA facility, as well as in Egypt and Turkey, which plan to send their used fuel back to Russia.

"Given that the majority of respondents say they know little about nuclear energy, geopolitical and other non-technical factors may have a larger bearing on nuclear trust of certain countries than nuclear expertise," Radiant Energy said.

Savanta questioned 31,831 adults from 31 countries between November last year and May this year. The survey was conducted online. The countries selected include all G7 and BRICS countries, the world's top 15 countries by 2023 nuclear electricity generation, and several other countries considering their future use of nuclear energy. Eighty five percent of the global population powered by nuclear were represented in the survey.

Oklo named to supply microreactor for Alaska airbase


Friday, 13 June 2025

The US Defense Logistics Agency Energy Office has issued Oklo Inc a new Notice of Intent to Award for the development and operation of a licensed microreactor facility at Eielson Air Force Base in Alaska, clearing the way for contract negotiations to begin.

Oklo named to supply microreactor for Alaska airbase
A rendering of an Aurora powerhouse (Image: Oklo)

"We are excited to partner with Oklo to take a significant step toward enhancing energy security at our installations," Acting Assistant Secretary of the Air Force for Energy, Installations, and Environment Michael Saunders said. "Following an extensive evaluation, Oklo was selected for their innovation, commitment to safety, and ability to support the mission-critical needs of this installation."

The US Air Force confirmed in 2021 that Eielson - which currently relies on coal to power its operations - would be the preferred site for its first microreactor, and in September 2022 issued a request for proposals for a "nuclear microreactor energy production facility" able to produce electricity and steam and to meet a baseload electricity demand of 5 MWe. The US Defense Logistics Agency (DLA) issued a similar notice to Oklo in August 2023, but rescinded it less than a month later to allow for "further consideration". This new Notice of Intent to Award again designates Oklo as the apparent successful offeror following a comprehensive evaluation process, the company said.

Oklo would design, construct, own, and operate the power plant, delivering both electricity to the Eielson base under a long-term power purchase agreement. The notice issued by the DLA on behalf of the Department of the Air Force and the US Department of Defense, initiates the negotiation process to potentially award a 30-year, firm-fixed-price contract to Oklo after obtaining a licence from the US Nuclear Regulatory Commission.

"This microreactor pilot could position Alaska and the nation at the forefront of energy innovation - leading us to a new era of safe, secure, and reliable energy," said Secretary of the Air Force Troy Meink. "It has the potential to shape future approaches to powering national security infrastructure, especially in the Arctic - where energy reliability is vital in the face of evolving threats."

Oklo is developing fast fission power plants capable of recycling used nuclear material, and has been given access to high-assay low-enriched uranium recovered from used fuel from the Department of Energy Experimental Breeder Reactor-II, which operated at Idaho National Laboratory from 1964 to 1994, to fuel its first core. The company's Aurora "powerhouse" can provide continuous, resilient energy that can operate independently from the grid, which the company said are key attributes for energy security at remote installations like Eielson.

As well as being rooted in legislative and executive initiatives including the 2019 National Defense Authorization Act and a 2021 Executive Order promoting small modular reactors for national defence and space exploration, the announcement also supports the aims set out in the raft of Executive Orders signed by President Donald Trump in late May.

Oklo CEO Jacob DeWitte - who was part of the White House ceremony marking the signature - said the notice "reflects continued confidence in Oklo's ability to deliver clean and secure energy solutions for mission-critical infrastructure," adding: "We are honoured to support national defense resilience objectives while demonstrating the value of US-pioneered fast reactor technology."

TVONS expands consultancy services to include SMRs

Friday, 13 June 2025

Finnish consulting company TVO Nuclear Services says it has expanded its service portfolio to include the advisory and expert services required for the preparatory and planning stages of small modular reactor projects.

TVONS expands consultancy services to include SMRs
The Olkiluoto plant (Image: TVO)

TVO Nuclear Services (TVONS) is a consulting company wholly owned by Finnish utility Teollisuuden Voima Oyj (TVO), owner of the Olkiluoto nuclear power plant. It was founded in 1998 to share TVO's expertise in the operation of Olkiluoto's two boiling water reactors (units 1 and 2), the construction of the first-of-a-kind EPR reactor (unit 3), as well as radioactive waste management.

TVONS says it is now offering consultancy services related to the construction of small modular reactors (SMRs).

"The potential of SMR plants can only be realised provided project planning and implementation, as well as the operation and maintenance of the plants represent the very highest standards," it said. "In other words, the SMR plants must hold the same trump cards as plants of the conventional size class."

"In both cases, it is our task to ensure that the plants operate reliably and efficiently through their whole life cycle," said TVONS Managing Director Ari Leppänen. "The scale of the plants may be smaller, but the responsibility is at least as great as with the larger plants. This is even more so as many of the future SMR plants are planned to be located much closer to built-up areas than the existing conventional plants."

Leppänen said services to support the commissioning and operational reliability of SMR plants will be available in Olkiluoto.

TVONS said it will offer SMR project developers services based on its extensive experience with safety standards and regulatory requirements; practice-oriented expertise in overall project management; supporting services from design through the commissioning and operational stages; knowledge required to build up the future operating organisation during the project stage; a client-driven approach, working as part of the client's core team throughout the project; and operating models refined over the decades to support risk management and successful implementation of projects.

TVONS has already provided consultancy services related to SMRs. In June 2023, it signed a letter of intent with Norsk Kjernekraft to jointly investigate the deployment of small modular reactors in Norway. In April 2024, TVONS signed a collaboration agreement with Steady Energy - Finnish developer of the LDR-50 small modular reactor - related to the development of a nuclear heating plant, initially focusing on the planning of the nuclear facility's operation and safety.

Fortum, EDF deepen cooperation on new-build projects

Friday, 13 June 2025

French energy company EDF has signed an Early Work Agreement with Finnish utility Fortum as the partners continue their collaboration toward the potential development of new nuclear projects in Finland and Sweden.

Fortum, EDF deepen cooperation on new-build projects
(Image: EDF)

"This agreement builds on two years of close collaboration - including joint technical workshops and site visits - under the Framework Contract signed in December 2023," Vakis Ramany, EDF's Senior Vice President International Nuclear Development, said in a LinkedIn post. "It paves the way for more in-depth cooperation and preparatory work, and for both parties to explore key technical and commercial aspects of deploying EPR technology in Finland and Sweden."

Fortum launched the feasibility study in October 2022 to explore the commercial, technological, and societal prerequisites for new nuclear in the two Nordic countries. The study involved in-depth discussions with several technology vendors, potential partners and customers as well as societal stakeholders.

In December 2022, EDF and Fortum announced the signature of a Framework Cooperation Agreement through which they would study opportunities for cooperation for the development of nuclear reactor projects in Finland and Sweden, both with conventional large reactors and small modular reactors (SMRs).

Fortum announced in March this year that it had selected two large reactor vendors plus one SMR vendor to continue discussions with after concluding its feasibility study. The company said it will continue to deepen the collaboration with two conventional reactor technology providers - EDF (EPR) and Westinghouse-Hyundai (AP1000) - and one SMR developer - GE-Hitachi (BWRX-300).

"At EDF, we are committed to supporting Fortum's nuclear development strategy in Sweden and in Finland, contributing to a secure, sustainable, and low-carbon energy future," Ramany said. "EDF teams are fully mobilised to bring their expertise to the table and move together with Fortum with confidence into the next phase."

Utah to host NuCube test reactor

Thursday, 12 June 2025

US innovative microreactor developer NuCube Energy has signed a memorandum of understanding with the Utah San Rafael Energy Lab to collaborate on the siting of a test reactor at the laboratory.

Utah to host NuCube test reactor
(Image: USREL)

Idaho Falls-based NuCube and Utah San Rafael Energy Lab (USREL) said they have already begun discussions about community outreach and engagement regarding siting the test reactor in Orangeville, Utah.

NuCube said its technology is capable of producing the highest-temperature heat from a fission reactor that can be easily integrated with chemical processes and energy conversion technologies. The reactor design utilises tri-structural isotropic - or TRISO - fuel and heat pipe technology, among other innovations, that are designed to minimise the use of moving parts within the reactor, thereby enhancing safety and reliability. The microreactors are housed in a stainless-steel compartment that increases safety and streamlines permitting.

Testing of NuCube's microreactors at USREL will be the next step in the technology's development, it said.  

NuCube's reactor can produce electricity via high temperature heat greater than 1000 degrees Celsius. "It is the only reactor that can compete with natural gas for high temperature industrial customers," the company said. "The technology can deliver cost competitive electricity and can also be operated independently from existing power grids, which could be transformative for rural areas in states such as Utah."

"Utah has an enormous amount of momentum as it explores how best to leverage nuclear energy to meet the needs of its residents and businesses," said NuCube Energy cofounder and CEO Cristian Rabiti. "NuCube's innovative reactor is ideal for Utah and we're looking forward to bringing the highest temperature application for nuclear energy to the state for the first time. We are especially excited to be working with USREL given its proven track record of demonstrating advanced power generation technologies including a supercritical carbon dioxide power cycle."

In 2023, management of USREL was transferred to the Utah Office of Energy Development (OED). The lab says it is working with partners to develop promising advanced nuclear energy technology concepts. It says it has world-class capabilities to manufacture and characterise molten salts as a nuclear fuel carrier.

OED is Utah's primary office for energy and mineral development. The office is charged with developing and implementing energy policy and resources, creating energy-related educational and workforce development programs and promoting energy efficiency and infrastructure.

"The USREL has the space and equipment necessary to host projects like NuCube Energy's test reactor," said OED Director Emy Lesofski. "The lab will be a site for a variety of research projects that focus on keeping our energy clean, affordable, reliable and sustainable. The research at USREL will play a critical role in bringing promising technologies to market safely and quickly so the state can continue to increase its reliable and clean energy supply, while also working with local community members. We're particularly excited about NuCube's technology because of the opportunities around research it will afford."

Last month, Utah Governor Spencer Cox announced that it has agreed with California-based Valar Atomics to site a test SMR at USREL. He said the test reactor is anticipated being operational within one year.


 

Chevron and Halliburton Launch Autonomous Fracturing Tech in Colorado

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, and oilfield services firm Halliburton have unveiled a groundbreaking intelligent hydraulic fracturing system in Colorado’s shale fields. The joint innovation leverages closed-loop, feedback-driven completions to improve asset performance, precision, and efficiency—marking a major step forward for digitalization in unconventional oil production.

The technology replaces manual controls with real-time, automated stage execution based on subsurface feedback. This autonomous process uses Halliburton’s ZEUS IQ platform—featuring the OCTIV auto frac system and Sensori monitoring tools—to create a dynamic, self-adjusting loop. It continuously analyzes pressure, flow, and geomechanical data to adapt to changing downhole conditions.

Chevron contributes its subsurface engineering expertise and proprietary algorithms, allowing the system to fine-tune fracture strategies mid-operation. Unlike static models, this setup reacts to real-time reservoir behavior, enhancing fracture complexity, reservoir contact, and hydrocarbon recovery.

The technology reduces execution variability, ensures consistency across completions, and empowers crews to focus on high-level optimization rather than routine controls. Environmental gains are also notable: less fluid use, lower emissions, and minimized surface impact.

Chevron VP Kim McHugh said the system reflects the company’s goal to improve performance safely through innovation and strategic collaboration. Halliburton’s VP Shawn Stasiuk emphasized the digital revolution’s direct impact at the wellsite, accelerating field experimentation and refinement.

The project’s success could set a global standard for intelligent fracturing in shale and tight formations. With scalable architecture and cloud connectivity, Chevron and Halliburton’s system is poised for broader adoption across North America and beyond—delivering smarter, cleaner, and more efficient energy production.

Petrobras, ABB, Seatrium to Develop Two All-Electric FPSO Vessels

Petrobras is advancing offshore oil innovation through a strategic partnership with ABB and Seatrium to develop two all-electric FPSO (Floating Production Storage and Offloading) vessels, P-84 and P-85, destined for Brazil’s Atapu and Sépia oil fields. These next-generation vessels, each capable of producing 225,000 barrels of oil per day, represent Petrobras’ first foray into fully electrified offshore platforms. The design aims to boost energy efficiency, reduce emissions, and improve operational flexibility.

ABB will supply advanced automation and electrical systems, including its ABB Ability System 800xA, substation automation compliant with IEC 61850, and modular eHouses. Notably, the project will debut ABB’s Is-limiter technology in offshore operations—crucial for preventing short-circuit damage and ensuring electrical system stability under extreme demands. Key components, like UniGear ZS1 switchboards, will be produced locally at ABB’s Sorocaba facility, supporting Petrobras’ local content goals and contributing to Brazil’s industrial economy.

Seatrium will handle the FPSOs’ engineering and construction, collaborating closely with ABB to meet complex offshore requirements and stringent safety standards. This joint effort highlights a global engineering synergy that combines digital automation and large-scale offshore fabrication.

Petrobras is responding to the growing global demand for oil with innovative, sustainable technologies. The P-84 and P-85 projects not only increase production but also set a new standard for cleaner offshore energy. As the FPSO market is projected to reach $46.2 billion by 2033, Petrobras is positioning itself as a leader in both energy output and environmental stewardship.

 

New forecasting model pinpoints what moves clean energy stocks




Shanghai Jiao Tong University Journal Center
Pick-up rate across all the predictors 

image: 

Macroeconomic predictors dominate the pick-up rate, with UNRATE ranking the highest at 25.64%, followed by GPRH at 20.86%, and TPU at 20.80%. These predictors capture key aspects of labor market dynamics, geopolitical risks, and trade policy uncertainty. This aligns with Baumeister et al. (2022), who demonstrated that macroeconomic indicators, such as unemployment rates and economic activity indices, are robust predictors of energy-related market performance.

view more 

Credit: Xinling Liu (Southeast University, China) Binjie Wang and Jianhao Xue (Nanjing University of Aeronautics and Astronautics, China) Qunwei Wang (Nanjing University of Aeronautics and Astronautics, China) Xingyu Dai (Nanjing University of Aeronautics and Astronautics, China) Xuan-Hoa Nghiem (Vietnam National University, Vietnam)




Background and Motivation

As the global energy transition accelerates, clean energy stocks (CES) have become a key asset class in financial markets. However, CES returns are driven by a complex interplay of macroeconomic trends, climate policies, and technological shifts, making them far harder to predict than traditional financial assets. Addressing this challenge, China Finance Review International (CFRI) presents the article “Clean energy stock returns forecasting using a large number of predictors: which play important roles?” This article explores how integrating 56 predictors from technical, macroeconomic, climate risk, and financial domains can significantly improve clean energy stock (CES) forecasting accuracy.

 

Methodology and Scope

This study develops a comprehensive forecasting framework incorporating 56 predictors across technical, macroeconomic, climate risk, and financial categories, using monthly data from the WilderHill Clean Energy Index (2009–2023). Advanced econometric methods—including LASSO, Group LASSO, quantile regression, and model combination techniques—are employed to tackle multicollinearity, overfitting, and the challenges of high-dimensional data. The analysis systematically examines the time-varying importance of different predictor groups and evaluates their effectiveness over multiple forecasting horizons and rolling time windows.

 

Key Findings and Contributions

  • Macroeconomic dominance: Economic indicators like CFNAI are the most stable and powerful predictors, especially during periods of market volatility.
  • Time-varying climate risk: The influence of climate policy uncertainty and extreme weather fluctuates significantly with policy changes and seasonal effects.
  • Short-term power of technical signals: Momentum (MOM) and volume-based signals (OBV) provide valuable short-term forecasting power during rapid market swings.
  • Innovation in grouping and quantile analysis: By using group regularisation (Group LASSO) and quantile regression, the study uncovers synergies between predictor groups and exposes tail risk dynamics.
  • Research contribution: This is the first systematic integration of 56 heterogeneous predictors into a dynamic model tailored for clean energy markets, offering new methodological tools for dimension reduction and factor selection in high-dimensional finance.

 

Why It Matters

  • Theoretical value: It breaks through traditional single-factor or single-model frameworks, demonstrating how multidimensional factors interact to shape returns.
  • Practical value: It provides investors with evidence-based signals for optimising asset allocation, and helps policymakers gauge how markets react to climate policy interventions.

 

Practical Applications

  • For Researchers: Provides a comprehensive empirical framework for multi-factor, high-dimensional forecasting in clean energy finance, incorporating macroeconomic, climate, technical, and financial predictors. Demonstrates the effectiveness of regularisation and quantile regression methods for variable selection and forecasting, offering methodological guidance for future research.
  • For Investors: Identifies the most reliable indicators (such as macroeconomic variables and market volatility signals) to support investment decision-making and risk management in the clean energy sector. Highlights the changing importance of predictors under different market conditions, helping investors refine timing and asset allocation strategies.
  • For Policymakers: Reveals the time-varying impact of climate policy and macroeconomic shocks on clean energy stock returns, offering insights for dynamic and responsive policy design. Provides empirical evidence to support the evaluation of climate and energy policies' effects on financial market stability.

 

Discover high-quality academic insights in finance from this article published in China Finance Review International. Click the DOI below to read the full-text original! Open access for a limited time!

WAIT, WHAT?!

Republican Concerns Over Clean Energy Tax Credit Phaseout

  • House Republicans are advocating for revisions to the clean energy tax credit provisions within the reconciliation bill, arguing that the current 60-day timeline and "placed in service" standard will disrupt ongoing projects.

  • Lawmakers suggest replacing the "placed in service" requirement with a "commence construction" provision to provide more flexibility and certainty for businesses investing in energy projects.

  • The proposed changes aim to modernize the energy tax code in a way that promotes fiscal responsibility and ensures long-term investment in energy infrastructure across the country.

Kiggans and a nearly identical group of House Republicans wrote to their House colleagues last month seeking positive changes to the clean energy tax credit phaseout plan that came out of committee work on the reconciliation bill. Instead, the House-passed version of the bill imposes a faster phaseout timeline, including a repeal of tax credits for projects that don’t begin construction within 60 days of the bill’s enactment.

The Republican lawmakers in support of IRA’s clean energy credits asked that the Senate alter that provision — along with a foreign entity of concern provision that was again called “overly prescriptive” — and maintain tax credit transferability throughout the credits’ lifetime. The group said that though they were “proud to have worked to ensure that the bill did not include a full repeal of the clean energy tax credits,” they remain “deeply concerned about those provisions.”

The tax credit phaseout schedule included in the House-passed bill, “would cause significant disruption to projects under development and stop investments needed to win the global energy race,” the letter said. The lawmakers said the overall approach to the tax credit changes “jeopardizes ongoing development, discourages long-term investment, and could significantly delay or cancel energy infrastructure projects across the country.”

The group recommended the 60-day timeline and the bill’s “placed in service” standard should be replaced with a “commence construction” requirement. The group said that due to permitting delays and other issues outside of project developers’ control, it is hard for the businesses to be sure when their projects will be “placed in service.” Swapping that language with a “commence construction” provision would give companies more flexibility to understand if they are eligible for certain credits and give “the investment clarity and lead time required for energy projects to succeed,” according to the Republican lawmakers.

“Our position has always been that the energy tax code should be modernized in a way that promotes fiscal responsibility and business certainty,” the letter said. “Fully realizing that balance requires improvements to the House-passed version of … the One Big Beautiful Bill Act.”

Kiggins was joined on the letter by Reps. Andrew Garbarino, Mike Lawler and Nick LaLota of New York; Mark Amodei of Nevada; Don Bacon of Nebraska; Brian Fitzpatrick and Rob Bresnahan of Pennsylvania; Juan Ciscomani of Arizona; Gabe Evans of Colorado; Young Kim and David Valadao of California; and Thomas Kean Jr. of New Jersey. Garbarino reportedly slept through the full House vote on the bill — which passed by a single vote — but later said he looks forward to supporting the bill’s passage when it comes back from the Senate.

Utilities and renewable energy experts have said the current 60-day timeline would “trigger a scramble” to do as much as possible within that window, while other clean energy experts called the House-passed bill “unworkable” in its current form.

By Lamar Johnson of Utility Dive via Zerohedge.com

NIMBY

New lithium mines could cut EU imports by half






Lund University





The most important mineral in today's electric car batteries is lithium. China completely dominates the market, with no extraction taking place in Europe. However, a new study shows that there is great potential for European lithium production, which would bring improvements in competitiveness, the climate and security. The study also points out that there are complex international trade dependencies that affect supply and demand.

European car manufacturing, which currently accounts for six per cent of the European Union's GDP, risks becoming a thing of the past unless Europe is able to start producing its own electric cars and batteries. Twenty per cent of new cars currently produced in Europe are electric. The EU is aiming to phase out internal combustion engines in vehicles by 2035.

Lithium is the most important mineral in modern electric batteries, which are used in consumer electronics (phones, power tools, watches) and vehicles. Other metals such as cobalt and nickel can be substituted, but not lithium. While research on primarily sodium (salt) is underway, those batteries have lower performance and the path to commercialisation is uncertain. In other words, whoever owns the mining and refining of key metals has a strong hand. It is China who holds those cards.

“The Chinese state has been providing strategic support funding to Chinese green technology companies for many years. The EU has a goal of boosting its own production and may have to do something similar in order to catch up. The investment cost and risk are too high for individual countries,” says André Månberger, a researcher and expert on critical metals at Lund University in Sweden. 

André and former visiting doctoral student Qifan Xia have mapped out trade dependence on the coveted mineral. The results confirm China's dominance and verify the intricate interdependencies between the countries of the world, especially as supply is not only about extraction but also about refining, component manufacturing and, ultimately, battery production itself. 

“The risk of China's dominance is not only that Europe will lose its domestic automotive industry and thus its prosperity, but also that we could become a target for blackmail in the event of global conflicts,” says André Månberger. 

In a new study published in Cell Reports Sustainability, he and Qifan summarised the deposits identified by geologists in Europe, China and the United States that have the potential to be mined. A few have been identified in Europe, but commercial extraction is yet to begin. The deposits are mainly found in Spain, Portugal, Germany, France, Serbia and Finland. 

Månberger concludes that if these were to be exploited, the EU could more than halve its future import dependence. The researchers compared the EU's lithium needs in the 2030s with the amount the mines could produce in that period. In weight terms, this amounts to 325,000 tonnes of lithium carbonate around the year 2030.

However, the path to large-scale lithium mining across Europe is fraught with conflicting objectives. These include investment costs, opposition from local residents, the risk of chemicals leaking into groundwater, the impact on nature and various liability issues. 

“Promising technologies are being tested in Germany where lithium extraction is recovered from geothermal energy sources. When hot water is pumped up for use in gheating, lithium comes up too as a “free gift.” New membrane technologies can filter this lithium out and it can then be used. This method reduces the impact on nature and the risk of conflict with neighbours, but unfortunately these deposits are only a small part of the projects and conventional mines will also be needed if Europe is to reduce its dependence on imports.”

André Månberger hopes his study will demonstrate the significant potential of extraction in Europe. 

“The significant potential within Europe may mean that not all deposits need to be developed and hopefully this knowledge can contribute to a discussion about how different objectives are prioritised.” 

Import independence is not an end in itself, he emphasises, and more studies are needed that also examine other possibilities such as diversifying imports and reducing the growth in demand by using materials more efficiently. 

But does Europe really have a chance of getting domestic production of electric batteries off the ground? China's products are so cheap, and there is even talk of them dumping goods in Europe, especially if the US tariffs go through.

“It will not be easy. The EU is now working on several levels to develop entire battery value chains within the EU, with the aim of increasing competitiveness. Battery know-how could play an important part in the development and production of the electric vehicles of the future. If the energy transition results in Europe losing significant industries, it remains to be seen whether the acceptance of ambitious climate targets will endure.”

 

Footnote: An existing small mine in Portugal extracts lithium for the production of glass and ceramics. It is insignificant in this context.


Key facts about lithium

Lithium is a reactive metal found in many types of rock and is a highly conductive element. Some people associate lithium with medicine, and the metal remains important in the treatment of bipolar disorder. It has also been used in the production of lubricating oil. However, since John Bannister Goodenough's discovery and development of the lithium-ion battery – for which he also won the Nobel Prize in Physics in 2019 – the element has become more widely used in rechargeable batteries.

In a few years, as more electric batteries start to reach the end of their useful life, lithium recycling may be introduced, although the need for new extraction will remain. Recycling will require new technologies that, while not yet in place, are expected to take off as “waste mountains” grow and demand increases.