EUROPEAN COMMISSION APPROVES MAJOR LITHIUM ION SUBSIDY SCHEME – BENEFITING MINERS, PROCESSERS, MANUFACTURERS AND RECYCLERS
December 1st, 2019
THE APPROVAL of a EUR3.2 billion set of subsidies by seven European Union (EU) member states could generate a major mineral supply and processing chain to manufacture lithium ion batteries within Europe. A decision announced yesterday (December 9) by the EU executive, the European Commission, loosening its usually tight control of national government support for industry, effectively greenlights a major collaborative project designed to strengthen European battery production.
This is called – in EU jargon, an ‘Important Project of Common European Interest’ ...
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