Vancouver, Canada – Leading Edge Materials Corp. (“Leading Edge
Materials”) or (“the Company”) (TSXV:LEM) (OTCQB: LEMIF) (Nasdaq First
North: LEMSE) is pleased to share the major priority recommendations of
the EU Battery Alliance, which were delivered in Brussels on Friday 23rd
February as part of the EU Industry Days. The EU Battery Alliance was
established by Vice-President for Energy Union Maroš Šefčovic on October
the 11th 2017 following a high-level meeting with Europe’s leading
industrial companies.
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Leading Edge Materials is proud to be an active raw material industry representative within the EU Battery Alliance, which is comprised of more than 50 of Europe’s strongest corporate voices within the emerging lithium ion battery sector, plus numerous support and government agencies. Leading Edge Materials is the only potential supplier of natural graphite anode material within the Alliance, which allowed the Company’s voice to be clearly heard with regard to the sustainable supply of European raw materials.
The EU Battery Alliance was formed in response to the recognition that despite world-leading fundamental research and a broad customer base particularly in the automotive industry, Europe is not playing a significant role in the industrial production of lithium ion batteries. European Commission research estimates that by 2025, the European battery market will have an annual value in the order of €250 billion, reflecting approximately 200 GWh of energy storage capacity per year, an industry too large to be left to global competitors.
