Prime Minister Petr Fiala of Czechia has highlighted the unique opportunity the country has to contribute to the energy security of Europe through the extraction of lithium from the Cínovec deposit in Teplice, north Bohemia. He made the comment on a stop on his way to Dresden, where he is due to meet Saxon Prime Minister Michael Kretschmer to sign a memorandum on cooperation on projects of strategic importance, including the extraction of strategic raw materials such as lithium.
Cínovec is home to Europe’s largest deposit of lithium, which the European Union has classified as a critical material. This is a great opportunity for Czechia to become a major player in the European energy security landscape. With the right investments and support, the country can become a leader in the production of lithium and other strategic raw materials.