Gina Rinehart-backed lithium developer Vulcan Energy has secured the final pieces of funding to construct its $3.9 billion project in Germany after the European Union’s lending arm threw its weight behind the development.
The European Investment Bank was among a syndicate of credit agencies and commercial lenders that will loan €1.185 billion ($2.1 billion) to the Perth-headquartered group, in the latest move by Western nations to secure access to critical minerals outside of China.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
