Lithium is easy to find. But only the richer seams or brines will yield enough of the metal to make mining it profitable. If enough dense deposits can be found, Europe could produce lithium for around $4,000 per metric ton, according to Martin Bertau, professor of mining and geology at the University of Freiberg. That is in line with the cost of Australian production and well below last year’s peak price of $21,000.
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