The east German town at the centre of the new 'gold rush' … for lithium

It has been called the new gold rush – a rush to catch up with China in producing and refining the materials needed in everything from computers to cars: but has it come too late to save Europe's car industry? Deep inside a former East German town lies the first fruits of the EU's grand plan to "de-risk" and wean itself off dependency on imports for the green revolution. In Bitterfeld-Wolfen, 140km south-west of Berlin, an Amsterdam-listed company is scrambling to complete construction of a vast factory that will be the first in Europe to deliver battery-grade lithium. There is now a race across Europe to both mine the silver-white soft metal and manufacture its refined form, lithium hydroxide – the key ingredient in the batteries that power electric cars, robot vacuum cleaners and mobile phones. "Everybody wants to get access to lithium. This is maybe why they call it the white gold, because it is like a gold rush," says Stefan Scherer, chief executive of AMG Lithium.