The UK company hoping to build a major lithium hydroxide plant on Teesside has revealed plans for a supply chain facility in Western Australia could cost around £255m.
Alkemy Capital Investments, the parent company of Tees Valley Lithium, wants to build Australia’s first stand-alone lithium sulphate processing facility which will feed the forthcoming Teesside plant that will make up to 15% of the lithium hydroxide needed by European electric vehicle makers for assembling batteries. Now a feasibility study into the antipodean vision shows the first of four “trains” – or production lines – at the proposed Boodarie facility, near Port Hedland, would have an initial capital cost of £255m (US$322m) and could generate gross revenue of £313m ($396m).
Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.