Warsaw: SiltaNews – News Desk
The find, in the Altmark region of the east-central state of Saxony-Anhalt, promises to put Germany at the forefront of global lithium production, making it a pivotal player in the electric vehicle and smartphone battery supply chain. An independent assessment has confirmed the deposit, to be developed by global exploration and production company Neptune Energy.
The company’s CEO, Andreas Scheck, said in a statement that the area, already significant for its gas reserves, has a bright future ahead of it. “This new assessment underscores the great potential of our license areas in Saxony-Anhalt,” he said. “This enables us to contribute significantly to the German and European supply market for the critical raw material lithium.”
The company said it plans to use the latest environmentally friendly techniques to minimize impact while maximizing yield. The discovery in Altmark is not Germany’s first ‘white gold’ find. In the Ore Mountains, mineral exploration and development company Zinnwald Lithium plans to begin mining by 2030, and competitor Lithium Energy is developing projects in the Upper Rhine Graben.