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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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Li-Metal completes concept study for commercial-scale lithium metal plant

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Li-Metal , a Canada-based developer of lithium metal technologies, has completed a concept study for a commercial North American lithium metal production facility with an annual capacity of up to 1,000 tonnes. Li-Metal expects its plant to require approximately 5,600 tonnes of lithium carbonate per year.

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Exxon Mobil plans to produce lithium in Arkansas

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Exxon Mobil is targeting a different segment of the EV ecosystem—the oil giant has announced plans to set up a lithium production facility in Arkansas. Be that as it may, Exxon has the expertise and the capital to become a major player as the industry scrambles to establish sources of lithium in North America. Source: New York Times

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Planning permission granted for lithium hydroxide refinery in Teesside, UK

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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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Asahi Kasei to expand coating capacity for lithium-ion battery separators

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Japanese chemicals company Asahi Kasei will invest in additional equipment for coating Hipore lithium-ion battery (LIB) separators. Asahi Kasei will look to make further investments, including establishing new Hipore membrane manufacturing facilities, to increase its supply infrastructure for the North American and Japanese markets.

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Albemarle to supply battery-grade lithium hydroxide to Ford

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Specialty chemicals supplier Albemarle has announced a definitive agreement with Ford to deliver battery-grade lithium hydroxide to support the automaker’s ramp-up of EV production. Albemarle will supply more than 100,000 metric tons of battery-grade lithium hydroxide for approximately 3 million future Ford EV batteries.

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