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Although the European mining industry has a lengthy history, it is now one of the continent’s most advanced and inventive industries.
The EU is a major chromium, copper, lead, silver, and zinc producer. The majority of metallic ores used in the European metal industry, on the other hand, are imported. Mines are only operating in a few EU countries. Austria, Finland, Greece, Ireland, Poland, Portugal, and Sweden are among them.
The Mining Industry In Europe accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Boliden, a Euromines member firm, has begun selling zinc with a minimal carbon impact. In comparison to the industry average of 2.5 tonnes of carbon dioxide emissions per tonne of zinc, the new product emits less than 1 tonne. Boliden’s total zinc production will be 18 percent low carbon zinc.
The construction of Europe’s first lithium mines to serve the region’s growing electric vehicle battery market is progressing quickly, according to numerous companies, which expect to establish mines in the coming years.
These businesses assert that their operations, which in some cases have caused locals to express concern, will have less of an impact on the environment than those of manufacturers in other areas.
The mining company Keliber has finalised its plans to begin mining 625,000 t of lithium-rich spodumene rock in western Finland in order to produce 15,000 t per year of battery-grade lithium hydroxide.
Vulcan Energy Resources claims that it has successfully tested the recovery of lithium and geothermal energy by injecting brine deep underground in what it calls a carbon-neutral extraction technique in Germany’s Upper Rhine Valley.
Early this year, Cornish Lithium and Geothermal Engineering was awarded exploratory rights for a comparable procedure to be conducted in the water close to Cornwall in southwest England.
Rio Tinto in Serbia and European Lithium in Austria are both working on feasibility studies for lithium mining projects. Manufacturers of lithium-ion battery components, including BASF, have been actively looking for supply agreements with European mining companies.
All of the lithium required for the region’s quickly expanding battery industry is currently imported.
MIREU (Mining and Metallurgy Regions of Europe unions) can help to maximise the value of regional large-scale research infrastructure, while SLO (Social Licence to Operate) defines the mining acceptance process as a major precondition for expanding mining research across Europe.
The European Raw Materials Alliance was established by the European Commission (ERMA). ERMA will help to ensure that raw materials such as metals, minerals, and innovative materials are available in a dependable, secure, and long-term manner across Europe. Its mission will be to ensure access to key and strategic raw materials while also developing EU Industrial Ecosystems through know-how.
BHP has been testing direct shipping to Port Hedland since 2020, and will now ship 7.5 percent of the containerized supplies it receives into its Western Australian Iron Ore operations (WAIO) from all over the world straight to Port Hedland via Singapore. This will benefit local businesses while also enhancing regional road safety.
