Cornwall Lithium Mine Gets £43 Million Investment

Cornwall lithium mine gets £43 million investment

A lithium mine in Cornwall is set to support more than 100 jobs, following a £43 million investment pledge from Geothermal Engineering Limited (GEL), which is backed by nearly £10 million from the government’s automotive transformation fund.   This investment in lithium (and more broadly, lithium-ion battery production) follows £1bn secured for UK automotive this month alone. The investment from GEL will create and support more than 100 jobs aft…

New lithium mine ‘to create more than 100 jobs’

Geothermal Engineering Limited said it would invest about £43m in a lithium extraction facility in Cornwall, which it planned to bring into commercial production in 2029.

Perfectly fine idea - Tim Worstall

Geothermal Engineering Limited (GEL) has said it will invest around £43m in the new lithium extraction facility. The investment will create nearly 50 direct jobs and support around 80 more across the supply chain, after receiving an offer in principle worth nearly £10m through the Government’s DRIVE35 Automotive Transformation Fund. At current prices production will… Read More »Perfectly fine idea The post Perfectly fine idea first appeared on T…