Nowadays, the demand for lithium-ion batteries is getting higher and higher, and various manufacturers hope to master the “platinum” supply chain in the new era. Green Lithium will build the first large-scale lithium refinery in England, UK, with an annual output of 50,000 metric tons.
The £600m plant near Teesport, the main port in Teesside, is expected to take three years to build and could be operational by 2025, Green Lithium said, according to Green Lithium’s statement on the London Stock Exchange. Break into the supply chain of lithium-ion batteries, energy storage, grids, and electric vehicle batteries.
Lithium can be said to be another kind of “platinum”. It is an important raw material for lithium-ion batteries. It is related to the lifeblood of modern smartphones, 3C products of computers, electric vehicles, and energy storage. The UK also hopes to stop selling any gasoline and diesel vehicles by 2030. New cars will have zero emissions on the road by 2035, and the UK government has provided more than £600,000 in funding for the green lithium industry through the Vehicle Transformation Fund.
European Commission President Ursula von der Leyen also said that lithium and rare earth will soon be more important than oil and gas. World demand for key minerals such as lithium is expected to be four times what it is today by 2040. Including, Von der Leyen also has a supply chain security concern, as almost 90% of rare earth and 60% of lithium are processed in China.
Home Secretary Grant Shapps said Green Lithium’s lithium plant will provide more than 1,000 jobs during construction and 250 long-term, high-skilled jobs locally during operation. It also allows us to secure the supply chain of critical minerals, as sensitive geopolitics and uncontrollable global events can disrupt the supply of critical parts and delay the UK’s EV schedule.