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Portugal holds significant lithium reserves, placing it in the top ten countries in the world with an estimated 60,000 metric tons.
Martim Facada, the Lithium Market Reporter for Industrial Minerals, a publication that covers the global non-metallic minerals industry, says the current price of one kilogramme of lithium carbonate, as used in batteries, is around $23 - a "high price,” that Portugal can take advantage of.