What support do you see the Czech government providing ? The Czech government has shown significant support for the development of the Cinovec lithium project. In 2019, the Czech government designated the project as a "Project of Common European Interest" (IPCEI), which provides a framework for the development of strategic projects that can contribute to European competitiveness, jobs, and growth.
As part of the IPCEI framework, the Czech government has provided financial support to the Cinovec project, including a €29 million grant for the construction of a pilot plant and the development of a lithium extraction process. In addition, the government has provided a guarantee of up to €43 million in loans from the European Investment Bank to support the project.
The Czech government has also introduced various measures to support the development of a domestic lithium supply chain, including the establishment of a lithium industry association and the creation of a task force to develop a national lithium strategy.
Overall, the Czech government's support for the Cinovec project and the development of a domestic lithium supply chain is a significant boost for the project and could help to attract further investment and support from other stakeholders.
EMH Price at posting:
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