{"id":1185677,"date":"2020-05-21T08:15:50","date_gmt":"2020-05-21T13:15:50","guid":{"rendered":"https:\/\/www.mining.com\/?p=1024549"},"modified":"2020-05-21T08:15:50","modified_gmt":"2020-05-21T13:15:50","slug":"european-commission-working-on-sustainable-battery-rules","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1185677","title":{"rendered":"European Commission working on sustainable battery rules"},"content":{"rendered":"<p>A report by S&amp;P Global Platts states that the European Commission plans to propose EU sustainable battery rules by October.\u00a0<\/p>\n<div class='ad-slot' id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {    googletag.display('div-gpt-ad-1561499308230-0');    googletag.pubads().addEventListener('slotRenderEnded', function (event) {        if (event.isEmpty) {            var id = event.slot.getSlotElementId();            var x = document.getElementById(id);            if(x == null) return;            if (x.parentElement.classList.contains('ad-slot')) {                x.parentElement.style.display = 'none';            }\t\t\t\t        }    });});<\/script><\/div>\n<p>The goal behind the rules, which are set to become binding by 2022, is to challenge China&#8217;s dominance of the global battery market. This objective involves securing a <a rel=\"noreferrer noopener\" aria-label=\"European supply of raw materials (opens in a new tab)\" href=\"https:\/\/www.mining.com\/eurobattery-minerals-to-acquire-hautalampi-nickel-cobalt-copper-project-in-finland\/\" >European supply of raw materials<\/a> like lithium and developing a circular economy for all batteries produced or sold in the old continent.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>The EU is expected to need up to 18 times more lithium and five times more cobalt by 2030 <\/p>\n<\/blockquote>\n<\/figure>\n<p>According to S&amp;P, there are already four sustainable lithium mining projects underway that are set to meet up to 80% of Europe\u2019s battery sector needs by 2025.\u00a0<\/p>\n<p>In parallel, the union has \u20ac7.6 billion available through the Smart Specialisation Platform for innovative battery projects that concentrate on battery sustainability, performance, safety and recycling.<\/p>\n<p>The EC&#8217;s focus on the battery sector is not only driven by a surge in the demand for electric vehicles, already noticeable in Q1-2020 when EVs\u2019 share of the EU market grew to 6.8% up from 2.5% in Q1-2019, but also due to increased interest from the renewable energy, defence and space industries.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first draft of the rules is expected in October.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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