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Cornish Lithium receives £53M investment to develop domestic lithium supply

ThinkGeoEnergy

UK-based mineral exploration company Cornish Lithium has secured £53 million (approx. USD 67 million) in investment from the UK Infrastructure Bank along with the Energy and Minerals Group (EMG) and TechMet. The investors also have the option of making a £168 million second-stage investment.

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Planning permission granted for lithium hydroxide refinery in Teesside, UK

Charged

Tees Valley Lithium (TVL), a subsidiary of Alkemy Capital Investments, has received planning permission to build a lithium hydroxide refinery at the Wilton International Chemicals Park in Teesside, UK, following an environmental impact assessment and local consultation over an 18-month period.

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GEL to produce geothermal lithium from Cornwall, UK projects

ThinkGeoEnergy

Geothermal Engineering Limited (GEL) has announced plans of producing around 10o tonnes of Lithium Carbon Equivalent (LCE) per year from the company’s geothermal projects in Cornwall, UK. High lithium concentrations at the United Downs site had been reported as early as 2021.

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There’s gold (and lithium and cobalt) in all those EV battery packs

The Verge: Energy

Billions of dollars in incentives such as the Inflation Reduction Act and Bipartisan Infrastructure Law have spurred the creation of a so-called Battery Belt across the southeastern US, all fuel to fire an anticipated spike in electric vehicle demand. That demand is only expected to grow, which is leading to a surge in battery production.

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Northvolt to invest $750 million to expand Swedish battery lab

Charged

Battery manufacturer Northvolt plans to invest $750 million to expand its laboratory facility in Sweden in order to meet soaring demand for lithium-ion batteries. Northvolt has set a target of a 25% market share in Europe by 2030. Northvolt plans to start production this year at its gigafactory in Skelleftea, Sweden.

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Biographite and the changing battery market

Smart Energy International

In September 2023, New Zealand-based battery material developer CarbonScape announced an $18 million investment, signalling the company’s plans to commercialise its biographite production in Europe and the US, enabling cleaner lithium-ion batteries for EVs and grid-scale energy storage. They hired me as an energy analyst.

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Rio Tinto powers up battery plans with InoBat investment

Business Green

Mining giant announces investment in Slovakian R&D centre in support of plans to develop European 'battery ecosystem'. The investment, financial details for which were not disclosed, will support the completion of InoBat's research and development centre and pilot battery line in Voderady, Slovakia.