Cínovec

The EU's proactive stance, introduced in the Critical Raw Material Strategy and later Critical Raw Materials Act (CRMA), drives the EU approach to secure the supply of European/domestic critical raw materials for EV battery production. The Cinovec project has a large economic potential as it enhances the ability to secure domestic and regional supply of lithium, which is otherwise very geographically concentrated outside of Europe. Europe relies on a handful of countries, particularly China, for the import of lithium for the production of EV batteries.