Senior Reporter at Mining Magazine / Email me at munira.rajkotwalla@aspermont.com with tips
Did you know that 60%+ of the world's lithium is processed in China? Scary stuff for the West, especially after China announced that it's restricting graphite exports in Oct'23 - another key element for the #EnergyTransition (and China refines 90% of global graphite). Several lithium refineries have popped up across Europe, to diversify the supply chain & break China's stronghold. Two of these are in the UK, just six miles apart in Teesside. GreenLithium and TVL will produce 6% and 15% of Europe's demand respectively. Had interesting discussions with their founders, Richard Taylor and SAM QUINN to learn about both projects. Read more here - https://lnkd.in/ezFW_nm6 #Mining #Technology #Sustainability #Lithium
rahul laud
11mo
Interesting read.
Anthony Pears
11mo
Nick Pople is making it happen.
Jonathan Morley-Kirk
11mo
China has funded the development of many lithium mines. China pays in advance for offtake agreements. That will make it difficult for new refineries to compete without deep corporate pockets or financial help from their governments. There are lithium explorers willing to engage with new, yet to be built refineries. Such explorers also need to build their production facilities. Both of these situations require lots of investment monies. These are likely to be provided,in part, by the end users of lithium. China is likely to back refineries in the UK rather than losing out on the lithium production.
Retired
11moWe need to be very careful in how we proceed with alternative fuel systems for cars, putting our economy in the hands of China is madness. Already so much is sourced from China but all it requires is a change of mindset in China and we could see our supply lines cut off for so many industries. There has already been an element of bringing back the supply chain to Europe in some industries, maybe morte is needed.