Mining and Raw Materials
Germany Helps Finance Lithium Projects
National and regional governments are granting Australian-German company Vulcan Energy EUR 103.6 million for lithium extraction and processing in western Germany.
Jul 24, 2025
The two projects in the regional states of Hessen and Rhineland-Pfalz are projected to cost EUR 690 million.
In Hessen, Vulcan plans to construct a conversion facility, while in Rhineland-Pfalz it will run a novel lithium extraction plant, using local geothermic brine.
Lithium is a crucial component of batteries and a key raw material for the automotive industry. Since 2023, it has been listed an EU “critical raw material,” and this March Vulcan’s initiatives were categorized as a “strategic project” under the EU Critical Raw Materials Act.
Vulcan has been active in Germany since the beginning of the decade.
