RE: OZ CLOSED UP 7.14 % at 25 p5 Sep 2020 09:05
Recognising the shift to electric-based transport, power and industrial applications, the
European Commission launched the European Battery Alliance in October 2017. Battery
production is a strategic imperative for the clean energy transition, circular economy and industrial competitiveness which represents an annual market value estimated at €250 billion
from 2025 onwards. The EU’s battery alliance therefore represents a strategic endeavour
to create a competitive completely domestic battery value chain in Europe with sustainable
battery cells at its core.
The EBA250 is a project-driven community which brings together more than 250 industrial
and innovation actors, from mining to recycling, with the common objective to build a strong
and competitive European battery industry. This includes a number of EU non-ferrous metals
companies and their associations who participate directly. The Battery Alliance is guided by
a strategic action plan which includes a comprehensive set of concrete measures to develop an innovative, sustainable and competitive battery ‘ecosystem’ in Europe.