GBP-EUR parity

[AtW]

It will all be for nought when the UK takes the lead in producing electric vehicles powered by batteries made in Cornwall with their vast resources of Lithium.

Lithium is the new coal, get them kids digging - your pension is now sorteed!

[AtW]

It will all be for nought when the UK takes the lead in producing electric vehicles powered by batteries made in Cornwall with their vast resources of Lithium.

Cornish Lithium finds “globally significant” grades at UK project - MINING.COM

You heard it here first.

You can stick your eco-busting Teutonic gas-guzzlers up your backsides!!

From the article -

"Lithium from Chile and Argentina is of higher grade than geothermal sources"

[shaunbhoy]

From the article -

"Lithium from Chile and Argentina is of higher grade than geothermal sources"

So that means we can't use the readily available decent quality Cornish stuff then?

No? Thought not.

Next.

[Old Greg]

Lithium is the new coal, get them kids digging - your pension is now sorteed!

Dig for victory!

[AtW]

So that means we can't use the readily available decent quality Cornish stuff then?

They are not "readily available" and if competition is of "higher grade" then this lower grade stuff won't fetch a premium and will have to be very cheap in order to stay competitive, is that even possible with UK level of taxes/employment laws? Unlikely.

Cornwall is probably better off without having large scale mining operation running there anyway.

[shaunbhoy]

They are not "readily available" and if competition is of "higher grade" then this lower grade stuff won't fetch a premium and will have to be very cheap in order to stay competitive, is that even possible with UK level of taxes/employment laws? Unlikely.

Not when there is a worldwide shortage of the stuff, and your fatuous argument is much like "Why would you eat at this excellent restaurant when there is a Michelin starred one a few miles down the road?"

This week MetAmpere, the first company to drill lithium exploration holes in the UK, described their test results from Cornwall as “staggeringly good”.

Having successfully completed 6 exploration drill holes at the site near St Austell, MetAmpere’s laboratory analysis of that drilling revealed over 200 metres of continuous lithium mineralisation from the surface.
In the end, several hundred million tonnes could be extracted from the site. The initial project is to build a quarry and processing plant capable of producing 20,000 tonnes of the highly sought-after metal each year – sufficient to power a whopping 350,000 electric vehicles.

Cornwall is probably better off without having large scale mining operation running there anyway.

You obviously don't know much about the history of Cornwall. I'll add that to the burgeoning list of topics for which you display a frighteningly severe ignorance.

[AtW]

Not when there is a worldwide shortage of the stuff

Let's check this assertion



Source: Lithium | 2017-2020 Data | 2021-2022 Forecast | Price | Quote | Chart | Historical

Does this chart look to you as the one for a commodity that is in short supply?

In 3 years the price dropped 4 times! The world needs more of this stuff but only at much lower price points.

If Cornwall was in China then (maybe, if the lower grade is not a show stopper) it would have worked (just like coal there).

[shaunbhoy]

Let's check this assertion



Source: Lithium | 2017-2020 Data | 2021-2022 Forecast | Price | Quote | Chart | Historical

Does this chart look to you as the one for a commodity that is in short supply?

In 3 years the price dropped 4 times! The world needs more of this stuff but only at much lower price points.

If Cornwall was in China then it would have worked (just like coal there).

It all depends on whether or not you believe the boasts of governments around the world that they are going to try and implement environmental targets.

Even if they make a half-hearted attempt at it the price of Lithium is going to soar. If you have a ready supply of it then you are going to be in a strong position.

[Mordac]

They are not "readily available" and if competition is of "higher grade" then this lower grade stuff won't fetch a premium and will have to be very cheap in order to stay competitive, is that even possible with UK level of taxes/employment laws? Unlikely.

Cornwall is probably better off without having large scale mining operation running there anyway.

Cornwall has a long history of tin-mining. If you'd ever been there, you would have seen the remnants of old tin mines everywhere. Now it's full of rich Londoners with second homes, the protests against new mining operations will be loud and endless, so no need to worry, the pristine Cornish landscape which you've clearly never seen will be protected.

[Old Greg]

The Brexiteer cretins seem agitated. You’d think they would be excited at the cusp of the national resurgence.