The Americans are interested in Portugal21 Jan 2021 12:28
'White oil': Americans eyeing Portuguese lithium
The US administration wants companies in their country to invest in the production of lithium in Portugal, if it turns out that there are large-scale reserves of this mineral. The Portuguese Government is preparing to launch, in the third quarter of 2021, a tender to allocate prospecting and research rights to ascertain, in 11 areas of the country, whether and where lithium is present, its quantity and the economic viability of the its extraction. The importance of the mineral also known as "white oil" or "white gold" has grown in recent years, as it is a vital component for the energy transition, in particular for the lithium-ion batteries that power electric cars. The United States Department of State's Assistant Under Secretary for Energy Resources, Francis Fannon, was recently in Portugal to meet with the Government and the private sector to present an alliance made up of several countries, which aims to guarantee the world a secure supply chain for lithium and other essential minerals for the energy transition.
Portugal CANNOT afford for SAV not to be a success, too much rides on it.....