What does EMH do?
European Metals Holding (ASX: EMH) is developing the largest hard rock lithium resource inside the European Union.
Located in the Czech Republic on the border with battery metal hungry Germany, EMH’s project is well advanced and is moving towards becoming the first local EU battery grade lithium producer to deliver to an emerging local industry.
What is the macro theme behind EMH?
The EU is rapidly switching from fossil fuel powered transportation to Electric Vehicles (EVs), as part of the “European Green Deal” which should make Europe carbon neutral by 2050.
This transition towards green-energy has become a key driver of the need for a local source of lithium, especially as the EU currently has no local supply and requires imports from China and South America. As a result we expect domestic suppliers of the raw-materials that are critical for battery production to thrive.