February 28, 2024


The business lovers

More lithium found in Cornwall

A geothermal energy company ideas to extract lithium along with electricity plants in Cornwall following finding record concentrations of the metal. 

Geothermal Engineering said exams experienced located concentrations of lithium higher than 250mg per litre in waters deep underneath the county – higher than in geothermal waters any place else in the environment. 

It previously planned to use the waters to create electric power and heat neighborhood houses from 4 planned electricity plants, and now also intends to set up lithium extraction devices at the plants. 

The firm thinks it could be able to make four,000 tonnes of lithium a 12 months by 2026. 

That would make a potentially significant contribution to the UK’s prospective once-a-year demand of about fifty nine,000 tonnes by 2035.

Need for lithium is anticipated to expand owing to its use in electric auto batteries, significantly as gross sales of new petrol and diesel autos will be banned in 2030, prompting a surge of fascination in Cornwall’s lithium deposits. 

Another firm, Cornish Lithium, is also setting up to extract from geothermal waters.