“The explosion of the electric vehicle market has dramatically increased the demand for lithium, the new “white gold” of the 21st century. With a dramatic increase in prices of almost 900% in 2022, it has become essential to control the supply in lithium for countries like the United States.
In this race for lithium, the European Union has recently entered into a strategic partnership with Chile, one of the main producers of lithium in the world. This agreement aims to provide Europe with privileged access to Chile’s lithium reserves, in exchange for an injection of funds to stimulate Chilean industry.
The goals of this partnership go beyond lithium supply. Europe and Chile plan to work together in several key areas such as the integration of sustainable raw materials value chains, research, alignment with international environmental standards, and investment in jobs and infrastructure. This enhanced cooperation aims to counter the influence of China, which has already signed several agreements to secure its lithium supply.
However, the future of lithium is not without challenges. Growing demand and market uncertainty could pose long-term supply challenges. Despite a recent drop in prices, the sector remains unstable and experts worry about the ability to meet growing demand.
Despite these challenges, Europe is positioning itself by taking this agreement with Chile as an opportunity to guarantee a sustainable energy future. By securing the supply of lithium, Europe is continuing its transition to electric transport and strengthening its position on the international scene.
In conclusion, lithium has become a major issue in the race for energy transition. Europe, aware of the importance of this alkali metal, has signed a strategic partnership with Chile to guarantee its supply of lithium