biggest lithium mine in portugal just never opened. this is the w is this. i'm janelle dumas on. welcome stalks around the world and oil prices slid monday and had concerns about protests in china against the government's 0 cove id strategy. the calls for an end to lock downs have spread across the country, making it china's biggest wave of protest since the 1989 pro democracy rallies. the unrest has caused worries and the markets. china link stocks are more affected by the sell off and crude oil prices has slipped to the lowest level since december last year. chris beecham is a chief market analyst at i g. there you are, chris. so the 0 of at strategy has clearly caused a lot of suffering. it's driven people to the streets at this point. what is the way out? well, it's very hard to think to price in really did, did these demonstrations in china require or presser, think in their,

in their scale? ah, and tell you that might require some kind of gum is also think what's bothering markets at the moment is what that response or take and whether it way we'll see maybe the communist party push for an earlier loosely of code restrictions to respond to clearly this public unrest ortho, they'll go for the other option. which of these bothering marcus a lot more was perhaps the survey crackdown to limit these demonstrations and that we'll see her so as economy. so that's why you're seeing that weakness in markets and in all prices this morning. so as you've pointed out, markets, ours thought by this because of the unpredictability, we don't know what the government is going to do. but what are the other concerns? is it supply chains? unrest perhaps in the world's biggest market. yes, this is what we're saying, i think is the markets we're doing it's, it's thinking as it goes along with we know how to price it, how big these demonstrations will get miss you say, where are the, the repercussions coming through of what he had some issues with apple at the force

can factor under separate matter, but i doubt it. it's tying into a whole range of issues about supply chains and we going from last year where we weren't about to much supply. and so what to get to the economy, to now to little and how that will affect demand. of course, we know that with western economies facing recession next year, a disruption supply from china is just one of the things they really do not need. at this point in time, now i know this is going to be difficult to say, but what are the turn says that the economic impact of all of this could lead to more social and rest. and then we find ourselves in the cycle. i think that's, that's the big worry. i think the mobile markets, which is why they'll be watching, anxious to see what kind of responsibility, whether these protests continue to spread. it's very much sort of uncharted waters here, which i'm not used to seeing these popular demonstrations is level of discontent. and i think it's again for markets into a still worrying very much about recession next year. yet another issue that i have to factor in, as well as dealing with the impact of these energy prices,

when ukraine expected recession in europe in u. s. and those high interest rates were seeing across the globe. so that's why you're getting this negative reaction at this morning. thank you very much, chris speed. some is the chief market analyst at i g. thank you so much for your insights today to portugal now, where the discovery of large deposits of lithium once field hopes the country would become home to the world's largest mining operation of the rare metal and important component and battery powered technologies. but those helps have not quite materialized. our reporter marcus bonus looks into why that is this hill is what britain's of, on our resources found, lithium in 2018. 2 years later, europe's largest lithium mine was scheduled to open. but this is for the place. looks like today there's only a one reminder of the mining plants,

this company information office. meanwhile, locals are pushing back against the mining plants, including either fernandez and nelson gomez. farmers and residents have one goal to stop. the mine says switch cur kosky. moores with successfully educated people and explain to them that the mining project wasn't as beneficial to us as they had said . and that they can't do things that way as president by this efficiency the local store want a mind, they're very clear about that. some on a resources has to modify its plans. it wants to complete an environmental impact study. company representatives declined to speak with us. i da fernandez, isnt expecting much from them. uncle stiver. it bears him. e, the original plants were bass. i read it pant because they were so bad, we don't believe that will improve much. we only hope that we can even see all the documents and have a fair chance to make our case and protect the environment here i will. again,

us. the local government has made big promises, looking at a valued sheen, ranging from mining to batteries, sell manufacturing. they won't answer questions about the delays. no time for interviews they see answers can be found for the south. here, the portuguese mining firm, amina, is digging for copper and zinc, and it plans to add lithium to the product mix planning began 10 years ago. that's too long for many investors says the ceo. this will boldly or be important for the authorities to think about it and redesigning your process is people think a lot the balter laws, but the don't think about her, the economical way of doing it are licensing and many government departments are bad. the organized leading to delays. that means new mining methods for lithium,

like the one developed by geologist alexander lima. and his team are unlikely to be used here in town, boston or set up week out of them was possible that they won't be used in portugal . any time soon, but it's likely that other countries will go ahead. where sweeten austria, ireland, finland, even spain right next door where they want to open mines, vizier don't wildly of course furnish lava. portugal may miss the boat unless him development. it would be well come news for the residence, of course, to buroso. i'm joined now by hold there at aspire. it is the head of research at the german economic institute. welcome to the show herrera's can you perhaps give us a sense of the global demand for lithium, global demand for lucy, did room massively in the next couple of years. bear projections and believe that there's a factor for hire for this new demand. i do a 2040 so there's

a lot of need for this new mining additional production and every round the room, it's not a single mine. i'm song but what challenges exist in terms of getting the supply of lithium that is needed? well one sentence, if you really have to go, it's a big investment and you must be a reasonable price. and then of course, there are a lot of are issues that have to be so that can be so. so for example, their social issues in bolivia, that's one of the reasons why this is production of religion. yet a couple of years and of course, and your people are looking more on our environmental conditions and issues, but that has to be, i believe. now if pointed out there that it is quite an extractive industry,

their environmental and social impacts. but we've also seen like in a report there earlier that there is a lot of community push back. what can you say about like the social acceptance of lithium mining and whether that could get in the way of ensuring supply? if that is what is needed, is social acceptance of mining in europe. and it's not very good, like many infrastructure. so you see a lot of resistance against any kind of infrastructure, but it must be clear that we cannot say why we need to live in someone else's problems which are probably worse than other we rather than europe. and say, we really want to go for electric for better we like to assume. so if you want to be more rather friendly in our process by using that's related, we must. and so that we have enough of the resources. one of the most important,

if you, if we put there are auto in this, we should definitely do that as part there. he is the head of research at the german economic institute. thank you for joining us on our program. thanks for having me. and as the carbon ization take center stage, countries across the world are looking at encouraging investment in green technology. even those that have benefited from high energy prices like the united arab emirates, which aims to become the world's biggest exporter of green hydrogen. here's how divide this glittering city was born out of the profits from oil and gas. now, do the emirates want to become pioneers of renewable energy with class to produce a quarter of towards green hydrogen. the sun drenched city is surrounded by swats of desert on which the world's largest

solar park is being constructed. it's low cost green energy in abundance, and it helps power the 10000 square meter hydrogen plant next door. hydrogen is produced here using a fairly simple process. first tap water is purified and disseminated. it's than heated to 60 degrees before being fed into the center of the plant. it is then split into oxygen and hydrogen. the oxygen escapes while the hydrogen stores energy for power and heating. hashem smires says the past 2 years have proved very destructive. many lesson was learned. we learned the different maintenance operation procedure, the safety procedure. we learned how a different level of sense of need to be at least a different location. we also train a moderate is ah young,

marty to handle the future. here at to plant, the hydrogen is burnt and, and channeled into the biased power grid. producing enough energy to power 500 households. and this is just to start says fog water while avoiding his industry and because we want to develop his industry and that requires courage, courage, which all involved parties him muster together. now the aim is to go further and set up many more such plants female that also man, when does female, so she put up, don't take nothing today. the gas can also be exported, but only once it has been cooled and convert. it is possible, but costly. germany is keen to do business with the emirates, but the normal technology is big breakthrough will likely still take some time. and a reminder of the top business story we're following for you this. our stocks an

oil prices lead. monday i made concerns about protests and china against the government. 0 coven strategy calls for an end to lockdown, to spread to multiple cities, making it china's biggest wave of protest since the 1989 pro democracy rallies and rest has caused worries and the markets. that's all for me and the business team here in berlin from more from us, had to d w dot com slash business. thank you so much for watching. ah, ah, with

ah, this is where they grow completely natural filters for pollution. researches are conducting experiments on a former uranium site where microorganisms clean contaminated soil and initial results can fog. the fungi are doing an amazing job. tomorrow today. in 90 minutes on d w. i n german with d w at any time, any place. losing news. video nevada's

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