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ScandiumPoweron May 22, 2024 7:12am
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Lifthium to build two lithium refineries in Portugal
Lifthium to build two lithium refineries in PortugalLISBON,May 21 (Reuters) - A newly-established Portuguese company backed by a wealthy business conglomerate is hoping to build two lithium refineries in the Iberian Peninsula by 2030, its chief executive said on Tuesday. Lifthium, helmed by CEO Duarte Braga, said the lithium refineries would be built in the northern Portuguese municipality of Estarreja, and in Torrelaverga, in the Spanish region of Cantabria. One of Lifthium's refineries would be ready by 2027 and the other by 2030, but the company still does not know in which of the two countries it would be able to build first. Lifthium estimates the projects would together cost around 1 billion euros ($1.1 billion). Its main shareholder is one of Portugal's biggest conglomerates, Jose de Mello, which owns the country's largest chemical producer Bondalti and private healthcare operator CUF. https://www.reuters.com/markets/commodities/portuguese-company-eyes-two-lithium-refineries-iberia-by-2030-2024-05-21/