RE: Billions of euros are hidden in its territory: This region of Greece will become the richest in the country21 Dec 2024 15:33
Cont
The deposit contains evidence of large quantities of silver, zinc and lead, metals with a wide range of industrial applications. Lead is a key component of vehicle batteries, as well as a key material in solar and wind energy storage systems, which are key drivers of the energy transition.
At the same time, in August 2023, the presence of high levels of gallium and germanium, two critical metals used in the manufacture of semiconductors and electronics, was confirmed.
These are raw materials that are essential to the EU, which is nevertheless dependent on China. The latter, in fact, which produces 60% of the world's germanium and 80% of the world's gallium, announced at the beginning of the summer that it was limiting exports of these metals to the West, making it imperative for Europe to ensure its self-sufficiency.
It is worth noting that on Monday, March 4, Rockfire announced that the germanium in Molaoi is the highest grade that the company itself has encountered during its drilling.
On the same day, Rockfire, in a post on Linkedin, stated that it continues drilling throughout the day and night.
The Deputy Minister of Environment and Energy, Alexandra Sdoukou, had also made a reference to the germanium found in the subsoil of Molae at the end of August 2023.
Speaking at the RawMat 2023 Conference, on the topic of "Critical Raw Materials: The Country's Strategic Autonomy", he pointed out that "according to official statements by the company (Rockfire), the rare, critical metal germanium (Ge), with many uses in high technology, has been found, while its inclusion in a European funding program is planned soon."
According to Alexandra Sdoukou, the time has come for Greece to proceed immediately with more specific actions, with the ultimate goal of achieving the country's strategic autonomy, but also contributing to Europe's self-sufficiency in critical raw materials, to the extent that this is feasible.
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