Extremadura Lithium Project Set to Boost Regional Economy and Jobs
A report from experts at the University of Extremadura estimates that the Extremadura New Energies lithium extraction and processing project will contribute an additional 113.9 million euros annually to the regional economy. The project is expected to create over 1,500 jobs, encompassing direct, indirect, and induced employment opportunities in Cáceres and its surrounding province throughout the projected 25-year lifespan of the initiative.
The report emphasizes the urgent need for economic revitalization in Cáceres and the province to counter a stagnating growth model heavily reliant on the public sector. The outdated growth model has been unable to further economic development due to its over-dependence on public administration. To address this, the report proposes creating an Industrial District that facilitates cooperation between businesses and fosters innovation by clustering companies that can stimulate local SMEs and attract foreign investments. Experts see Cáceres as well-positioned to lead this shift towards an innovation-driven economy focusing on new energy sources.
The proposed Industrial District, according to the report, would reposition Cáceres and the province to anchor competitiveness and promote decarbonization efforts by leveraging the resources of the San José de Valdeflores lithium mine. The lithium transformation plant, led by Extremadura New Energies, is anticipated to serve as a catalyst for numerous clean energy projects in the region, contributing to Spain's overall energy transition.
From an environmental perspective, the report highlights the relatively low-impact nature of the planned lithium mining activities at Valdeflores. It cites benefits such as reduced landscape disturbance, minimal solid waste generation, limited water body alteration, lower air pollution, and a more manageable environmental restoration process. Importantly, the report concludes that there will be no significant alterations to local habitats.
The report was led by Julián Mora Aliseda, Professor of Territorial Planning at the University of Extremadura, with contributions from experts including Inmaculada Carrasco, Professor of Economics, and Jacinto Garrido, PhD in Environmental Engineering, among others.
