In the valley alongside Germany’s Black Forest lies a potential solution to one of the most vexing issues facing Europe’s transition to sustainable transport.
Some two miles underground is enough lithium for at least 1 million electric vehicles a year, and one miner says it can tap those reserves at roughly half the cost of competing sources and without discharging greenhouse gases.
With the critical resource for battery-powered cars usually coming from far-flung regions using methods that scar the landscape, Vulcan Energy Resources Ltd.’s 1.7 billion-euro ($262 billion; US$2 billion) project could be key for Europe’s ambitions to become the world’s first climate-neutral continent.
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