Lithium battery share Prague

Could lithium mining be a game-changer for Prague?

Lithium mining could be a real game-changer for Prague, because according to an analysis conducted by the Czech Chamber of Commerce, the country has exhausted all sources of growth and faces potential economic stagnation in the coming years. Can lithium supercharge the Czech economy?

How many lithium-ion car batteries can the Czech Republic produce a year?

According to current estimates, that's enough ore to produce almost one million lithium-ion car batteries a year. The Czech Republic would ideally like to produce the batteries, too, and is planning a gigafactory for that very purpose.

Can the Czech Republic produce a car battery?

The Czech Republic would ideally like to produce the batteries, too, and is planning a gigafactory for that very purpose. "We can cover the entire chain from extraction, processing, battery production, chip production to the final production of cars," said Fiala.

Will Czech Republic cooperate with German state of Saxony on lithium extraction?

The Czech Republic has already concluded a Memorandum of Cooperation with the German state of Saxony about possible cooperation on lithium extraction. On the Czech side, extraction will be managed by the majority state-owned electricity producer CEZ.

Where is Europe's biggest lithium deposit located?

Europe's biggest lithium deposit is located in the Czech Republic. The government in Prague recently outlined plans to boost the country's economy by mining and processing the resource. Not everyone is keen on the idea.

When will lithium be used in e-mobility?

"Lithium is a key raw material for e-mobility, especially for battery storage. This is why we are working on starting extraction as soon as possible, ideally in the year 2026," he said. Cinovec is situated at the heart of a region where ore has been mined since the 13th century and tungsten and tin since the 1940s.