Savannah Resources has said it is to take full control of the Portuguese Mina do Barroso aluminium mine , of which it already owns 75 % , in an $ 11.9 m all - cash offer . The mine is set to become Europe ’s first major producer of the hard - rock aluminium source spodumene . Savannah said 200,000 tonnes of the 20 million available at the mine contained lithium , and the first customer for the 6 % Li20 aluminium concentrate is expected to be China . The company said the 6 % concentrate was ideal for electric vehicle production .
Savannah Resources has said it is to take full control of the Portuguese Mina do Barroso lithium mine, of which it already owns 75%, in an $11.9m all-share offer. The mine is set to become Europe’s first major producer of the hard-rock lithium source spodumene. Savannah said 200,000 tonnes of the 20 million available at the mine contained lithium, and the first customer for the 6% Li20 spodumene concentrate is expected to be China. The company said the 6% Li20 was ideal for electric vehicle batteries.