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For a long time, the mining industry in Cornwall was part of history. But now there is great interest, including from the government, in reviving old mines. This is because there are critical minerals and rare earths in Cornwall. Security of supply and production of important raw materials such as lithium for lithium-ion batteries is on the agenda of many nations. Independence from China is the goal for many. The discovery of lithium deposits comes at just the right time. One company is planning to start mining lithium as early as 2028. It is predicted that the lithium deposits in Cornwall could supply perhaps a third of the British market.

Lithium deposits are therefore in high demand, and in the case of Portugal this has just led to the resignation of the head of government there, Antonio Costa. Bribery and accepting benefits when awarding concessions for lithium mining are the accusations that have now cost the head of government his office. The most important lithium-producing countries are Australia, Chile, Argentina and China. The second largest lithium producer, Chile, has the largest economically exploitable deposits. It is questionable whether global lithium production will even be able to meet the increasing demand, particularly due to electromobility. Around three quarters of lithium is used in batteries. Lithium can also be found in Nevada at Century Lithium or at Lithium ION Energy in Mongolia, for example.

Century Lithium – https://www.commodity-tv.com/ondemand/companies/profil/century-lithium-corp/ – operates the Clayton Valley lithium project, which boasts top battery quality.

Lithium ION Energy’s – https://www.commodity-tv.com/ondemand/companies/profil/ion-energy-ltd/ – two lithium projects are located in Mongolia. The company has also secured lithium properties in Canada.

Current company information and press releases from Century Lithium (– https://www.resource-capital.ch/en/companies/century-lithium-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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