The UK will need 50,000-60,000 mt/year of lithium carbonate equivalent for battery production to satisfy government plans to produce only electric vehicles by 2035, assuming production continues at around 1.2 million vehicles a year, according to lithium mine project developer Jeremy Wrathall.
But despite the existence of two lithium mine projects in the UK, it is doubtful the country will achieve lithium self-sufficiency by that time, and even whether sufficient supplies will be available on global markets to feed the UK’s emerging EV sector.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services