Lithium Mining Could be the Next Big Thing in Cornwall

By Gary Cutlack on at

Businesses seeing profit in the vast quantities of lithium the world is using for two years then dumping in a landfill think Cornwall could be the place to be soon, as the county's currently un-dug lithium reserves might now be economically viable to recover. Get those old tin mines reopened.

The new push to mine Cornwall is being headed by Cornish Lithium, a group that says it's secured the rights from landowner Tregothnan Estates to mine for deposits and plans to do so ASAP. The company's chief exec Jeremy Wrathall said: "We believe the potential benefits of developing a lithium industry in Cornwall will be significant for the county and for the UK as a whole," adding that it would also be great for jobs in the county.

An area between Camborne, Redruth and St Day is the initial target, with the company saying it needs to secure around £5m in investment to kickstart the exploration phase and get its plans into gear.

The lithium industry is worth around £70bn a year globally and can only grow now cars need batteries too, hence the new mini gold rush and hurried plans to dig holes everywhere. [Guardian]