Antonio Costa said: “For the first time in many technological transformations, we have become one of the countries with the best natural reserves and the largest natural reserves of basic raw materials for this transformation.”
The Prime Minister warned today that Portugal “must” be on the “front line” of the technological transformation that Europe is preparing, because it “for the first time” becomes one of the countries with the “best and largest” raw material reserves, namely lithium.
“Portugal cannot but be at the forefront of this kind of reindustrialization effort (…) In many technological transformations, for the first time, we have become one of the countries with better natural reserves and larger natural reserves of raw materials. The basis for this transformation,” António Costa of Braga said at the Iberian Institute of Nanotechnology (INL) Sustainable Battery Value Chain Conference.
The head of government emphasized the added value of Portugal’s lithium reserves and emphasized that the territories that will be extracted from this resource must be compensated.
“It’s unacceptable that Porticas and Montalegre are just territories from which resources are extracted. Porticas and Montalegre, like any other waste-rich region and city, must be appropriately provided for this wealth. Compensation and remuneration, so that with the application of the knowledge provided by the scientific system and its industrialization, the value of development will increase exponentially,” he defended.
Antonio Costa also warned that lack of funds cannot be a reason why the country is not in the lead in the whole process: “We have a huge responsibility here because Portugal has a scarce resource, which is Portugal’s resource. This time , We cannot have any excuses that there is no opportunity to mobilize capital,” he warned.
He emphasized: “Whether in competitive funds or funds allocated to the country, the EU has mobilized absolutely extraordinary financial resources that we must be able to mobilize.”
For example, Antonio Costa pointed out that 1 billion euros are used for the mobilization agenda in the recovery and recovery plan, “If there is capacity and effective use of demand, there may be an additional 12 billion euros.”
In addition to natural resources and capital such as lithium, the prime minister also emphasized another advantage he believes Portugal has in the energy transition process, that is, “knowledge.”