£43m for UK lithium mine revival
The article discusses the British plan to establish a new lithium mine in Cornwall, aimed at supporting the automotive and clean energy industries. The project involves an investment of approximately £43 million by Geothermal Engineering Limited, with commercial production expected to begin by 2029. The initiative seeks to create over 100 jobs and strengthen vital supply chains, especially as global demand for lithium is projected to increase by up to 1,100% by 2035. This investment is considered a significant step toward boosting the industry and meeting the market needs for batteries in electric vehicles.
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