Portugal is positioning itself strategically in the green transition by emphasizing the exploration of critical raw materials, with copper potentially outweighing lithium in importance, according to Maria da Graca Carvalho, Portugal’s Environment and Energy Minister.
Highlighting Portugal’s current assets, Carvalho noted the presence of the largest copper mine in the European Union, operated by Lundin Mining, based in Toronto. Additionally, Portugal produces lithium for the ceramics industry and is developing substantial deposits of battery-grade lithium.
“We have significant potential in copper exploration, building on our strong tradition with continued investment,” Carvalho remarked during a conference. She emphasized that while lithium remains crucial, it may not hold the highest priority among critical raw materials for Portugal’s strategic planning.
Carvalho announced that the strategic plan, set to be unveiled on July 22, will define production areas for various critical raw materials, potentially including new concessions. This initiative aligns with Europe’s goal of enhancing security and reducing dependence on imports, particularly from countries like China, for essential materials crucial to advancing the green agenda.
Regarding Portugal’s previous plans to auction licenses for lithium prospecting, Carvalho acknowledged delays stemming from environmental and social concerns raised by conservation groups and local communities. These issues have prompted a reevaluation of the auction process, originally slated for 2018.
When asked about the new government’s stance on proceeding with the lithium auction, Carvalho stressed the importance of aligning decisions with the forthcoming strategic plan, grounded in rigorous scientific and technical assessments.
Portugal’s strategic direction underscores its commitment to sustainable resource management and bolstering its role in Europe’s green transition efforts.
