The French government is taking a significant step towards energy independence by investing €50 million in Imerys' lithium mining project located in Échassières, Allier. This venture is part of a broader strategy to ensure that France can produce essential materials for the energy transition, particularly for electric vehicles. Alessandro Dazza, CEO of Imerys, noted that lithium-based battery technology is currently the only viable solution for decarbonizing transportation, emphasizing the project's importance.

The lithium mine is expected to rank among the world's five largest lithium sources, underscoring its potential impact on both national and global markets. The acquisition is facilitated by the Banque des Territoires, a subsidiary of Caisse des Dépôts, reflecting governmental support for strategic industries. Imerys has been developing this project for three years and considers the entry of financial partners crucial for its success, aligning with France's objectives to bolster its domestic supply chain for critical minerals.

This venture not only aligns with the EU's goals for sustainable energy but also represents a pivotal shift in France's approach towards self-sufficiency in the vital materials needed for green technologies. By investing in the lithium supply chain, France aims to reduce dependence on foreign sources, particularly as global demand for lithium is expected to surge due to the electric vehicle boom and renewable energy technologies. The support for Imerys’ project reflects a strategic move to secure a leading position in the rapidly growing lithium market, thereby facilitating the country's transition towards a more sustainable energy future.