Dec 4, 2024

Portugal to Launch Long-Awaited Lithium Tender in 2025

The Portuguese government announced plans to initiate a tender for lithium prospecting licences in 2025, aiming to establish the nation as a key European supplier of critical metals necessary for the green transition. This initiative, reported by Mining.com, outlines the center-right government's strategy, after assuming power in April, to target six promising areas in northern and central Portugal.

Under the guidance of Environment Minister Maria da Graca Carvalho, this move aligns with European goals to enhance security and reduce reliance on critical material imports from nations such as China, which currently dominates lithium processing, controlling 85% of global battery cell production. Despite Portugal being Europe's largest producer of lithium with 60,000 tonnes of known reserves, its exports largely cater to the ceramics sector, only now gearing up for electric vehicle (EV) production.

According to data retrieved from the IndexBox platform, Portugal's export value for Lithium Oxide and Hydroxide, among other compounds, stood at $34.4K in 2023, while import value reached $1.4M the same year. Notably, exports to Italy accounted for $31.8K, making it the top destination, whereas Germany led in imports, contributing $1M to Portugal's acquisition of these materials. These figures highlight the economic dynamics at play in Portugal's resource management and aspirations in the global lithium market.

Alongside these developments, the government announced forthcoming international tenders next year for new copper and gold prospecting licences. This expansion follows Portugal's established presence in copper mining, home to Europe's sixth-largest copper mine operated by Lundin Mining, whilst marking a renewed interest in gold exploration after more than three decades of inactivity.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
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  2. 2. EXECUTIVE SUMMARY

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  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
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    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
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  5. 5. MOST PROMISING SUPPLYING COUNTRIES

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  7. 7. PRODUCTION

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  8. 8. IMPORTS

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  10. 10. PROFILES OF MAJOR PRODUCERS

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  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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