Europe Has the Potential to Develop Domestic Lithium Sources – by Stuart Burns (Metal Miner – May 7, 2018)

https://agmetalminer.com/

We normally associate Cornwall in England with scones and cream teas … or, if we are really metal nerds, we associate the sometimes sunny southeast country of the British Isles with mining (particularly with tin mining).

The area dominated with igneous morphology has been mined since Roman times for tin, copper and a number of other metals. But one metal, not surprisingly, that has never featured is lithium. I say “not surprisingly” because up to the end of the last century, it barely featured as a metal of value.

Nickel metal hydride batteries dominated the small appliance world and lead acid still served the rest. This century has seen an exponential growth in the use of lithium-ion batteries, from iPhones to electric cars to massive storage barns. The growth has been such that fears are mounting of a market shortage in the next decade, fueled in no small part by state support for electric vehicles (EVs) in Asia.

In fact, so urgent has the situation become that Chinese and Japanese battery makers are quietly buying into or buying up lithium deposits around the world to ensure they have secure supplies. Currently, Europe consumes around 25% of the world’s lithium, but is dependent on imports from Australia, Chile, Argentina and China.

Europe has been rather slow out of the blocks — European carmakers have ambitious plans to roll out an EV model for every one of their ranges by the end of this decade, but they have little or no security of supply over the raw material supply chain.

For the rest of this article: https://agmetalminer.com/2018/05/07/europe-has-the-potential-to-develop-domestic-lithium-sources/

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