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€3 Billion Investment Sparks 2,336 Jobs in Portugal

1/22/2026

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Story summary
  • AICEP (the Portuguese trade and investment agency) signed contracts totaling €3 billion, creating 2,336 jobs, including 643 qualified positions.
  • The €2.065 billion CALB lithium battery gigafactory in Sines will create 1,800 jobs.
  • Lift One will invest €514 million in a lithium refining plant.
  • Savannah Lithium will invest €313 million in a spodumene extraction unit.
  • Prime Minister Luís Montenegro said reforms are needed to boost growth and wages.