Europe has belatedly woken up to the fact it has a metals problem.
The region’s production capacity, particularly at the refining and processing stage of the supply chain, has been hollowed out by years of price attrition from lower-cost competitors, first and foremost China.
Lithium might look like a belated addition to the list, given its central role in batteries for electric vehicles, one of the pillars of Europe’s “Green Deal” carbon-reduction strategy.
But the metal is already a core focus for the “European Battery Alliance”, an EU private-public initiative that has been running since 2017.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.