Czech and Saxon PMs sign memorandum on cooperation in lithium mining

Czech Prime Minister Petr Fiala and his Saxon counterpart Michael Kretschmer signed a memorandum of cooperation in Dresden on Wednesday that should make it possible to speed up approval processes for lithium mining in the Ore Mountains on both sides of the border.

Cínovec boasts Europe's largest deposit of lithium, which the European Union has classified as a critical material. The lithium deposit in Cínovec should enable the production of batteries for half a million electric cars.

Mining is scheduled to begin in 2026.