Britain seeks to ramp up lithium production amid rising EV sales

ritain is making a big push to produce lithium – an important mineral needed to produce batteries for electric vehicles (EVs) – to meet the soaring demand from its fast-growing EV market.

Sales of EVs in the UK have risen steadily since 2019. Last year, they accounted for about a sixth – or 267,000 – of the total 1.6 million new car registrations, surpassing diesel vehicles for the first time. EVs are now second only to petrol vehicles.

Mike Hawes, the chief executive of the UK Society of Motor Manufacturers and Traders, said that the UK’s EV sales will rise by 26 per cent to reach 337,000 this year, and go up to around 444,000 in 2024.

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.

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