Vulcan Unveils €1,26 Billion Second German Lithium Project
emainder potentially sold to external customers. Vulcan estimates C1 operating costs at €4,101 per tonne of lithium carbonate.
That combination is particularly relevant for Germany, where industrial decarbonization and reducing dependence on imported energy and critical minerals remain major policy priorities. Europe has also been seeking to establish more domestic lithium extraction and processing capacity as battery manufacturing expands.
Ludwig would produce lithium carbonate, while Lionheart is planned to produce lithium hydroxide, giving Vulcan potential exposure to different battery chemistries and end markets.
The PFS also increased the project’s Indicated lithium Mineral Resource by 91% to 1.25 million tonnes of lithium carbonate equivalent, while its Inferred resource stands at 2.23 million tonnes.
Significant development work remains. Vulcan has yet to drill a dedicated appraisal well within the Ludwig and Therese license areas, and the company plans further seismic work, appraisal drilling and a definitive feasibility study.
Vulcan also said a final investment decision on Ludwig would come only after Lionheart has been constructed and entered commercial production. The Ludwig economic model assumes an FID in 2029.
The company has begun seeking strategic partners for the project and plans to pursue asset-level financing, with potential funding also coming from government support programs.
By Charles Kennedy for Oilprice.com
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Vulcan Unveils €1,26 Billion Second German Lithium Project, source
