“Mining in Europe will not significantly contribute to meeting Europe’s demand for critical minerals this decade as it takes 10-15 years to reach commercial production capacity from a mine from the moment a resource discovery is made,” says HCSS strategic advisor Jeff Amrish Ritoe in the The Wall Street Journal.
Mr. Ritoe said that relatively complex European permitting rules mean that companies will likely need to work with more mining-friendly jurisdictions such as Canada and Australia to meet the rising demand for lithium. In the meantime, new processing facilities can be built in 3 to 5 years, creating more opportunities for lithium mining companies.
Experts
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