lucille mine in portugal just never opened. this is the w business. i'm janelle de malott unwelcome stocks around the world and oil prices slid monday. i made concerns about protests in china against the government's 0 cove id strategy. the calls for an end to lockdown 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. crispy chung is a chief market analyst at i g very you are chris. so the 0 of it 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 will 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 markers lot more was appropriate. the survey crack down to limit these demonstrations and that would of see her. so i was 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 are spooked 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 you have. what you'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, we'll get this, you say, where are the, the repercussions coming through of what he had some issues with that bullet force

can factor into separate matter, but i doubt it. it's tying into a whole range of issues about supply chains and we're going from last year. we're worried about too much supply. and so what to get out 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 chances 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 that be watching, anxious to see what kind of responsibility, whether these protests continue to spread it very much sort of uncharted waters here, which i want used to seeing these popular demonstrations is level of discontent. and i think it's again for market that are 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, warren 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 morning. thank you very much, chris need. some is the chief market analyst that id. 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 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 one reminder of the mining plants,

this company information office. meanwhile, locals are pushing back against the mining plans, including ida, fernandez and nelson. gomez. farmers and residents have one goal to stop. the mine says switch good cause scheme was we 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 obama 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, isn't expecting much from them uncle stiver. it bears him. e, the original plants were bass. i made a pant because they were so bad. we don't believe there 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 wish. again,

us the local government has made big promises, looking at a valued chain ranging from mining to batteries, cell manufacturing. they won't answer questions about the delays. no time for interviews they see answers can be found further south. here the portuguese mining firm, amina, is digging for copper and think, and it blends 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 our socrates to sink about 2 in redesigning your process is people sink a lot, the balter laws. but the don't think about her, the economical way of doing it are licensing and many government departments up that 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 with gavin was possible that they won't be used in portugal anytime soon, but it's likely that other countries will go ahead weigh sweeten austria, ireland, finland, even spain right next door where they want to open mines, vizier stone, wildly of course, sash 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 to start. he is the head of research at the german economic institute. welcome to the show about us, can you perhaps give us a sense of the global demand for lithium global demand for if you did run a massively in the next couple of years. bear projections and believe that there's a factor for hire for this new demand, and do a 2040. so there's

a lot of me for a minute just to production and every round the room. it's not a single minute 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. you must be a reasonable price. and then of course, there are a lot of are issues that have to be so it can be so. so for example, the social issues in bolivia, that's one of the reasons why this is production of religion. yet a couple of projects in europe. and of course in your people are looking more on our environmental conditions and relevant issues, but that has to this i believe it can be so 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. but social acceptance of mining europe is not very good, like like many infrastructure. so lots of resistance against any kind of infrastructure. but it must be clear that we cannot say why we need to live someone else with 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 with if you want to be more rather friendly in our process by using that to me, we must. and so that we have enough resources. one of the most important, if you,

if we put out in this so we should definitely do that as part that 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 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 then 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 has she missed? my a says the past 2 years, her proved very instructive. many lesson was learned, or we learned the different maintenance operation procedure, the safety procedure. we learned how are different level of sense of need to be a place at different location. we also train a moratti's ah young, marty to handle the future. here at to plant the hydrogen is burned and then

channelled into the biased power grid, producing enough energy to power $500.00 households. and this is just to start says fog water. while we have all these industry and because we want to developed as industry often, and that requires courage, courage, which all the involved parties him muster together, live time. now the aim is to go further and set up many more such clumps female, but also mahan, windows female. so she put up to unstick. no hunched in the gas can also be exported. but only once it has been cooled and convert it's possible, but costly. germany is keen to do business with the emirates, but the novel 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 and oil prices laid 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 1989 pro democracy rallies and rest has caused worries in the market at all. for me and the business in here in berlin from war from us, had to d w dot com slash business. thank you so much for watching. ah, with

ah, a strong voice. well, connect donations to the german, a sound nation. i know to piece a new crane ah, the opera gala in bon 202021. 30 on dw is weaponized wheat. massive crop failures, broken supply chains. soaring global market prices. is

this russians treacherous? new strategy to finance it's war. while forging you alliances? close up in 75 minutes on dw the world cup in guitar. exactly. 1410 were should important with were there for you, with reports and background information. everything you need about the 2022 world cup on the w. ah

ah, ah. this is the w news. why? from berlin? china clamped down on protests against and 0 co written policy. barriers go off because police deal with demonstrates as a calling for president james and kings resignation also on the program lands live in cameroon. on to italy, take a heavy toll. we'll hear from an expert.