Britain looks to ancient mines for electric car future

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  1. Calliers

    Calliers HH's MC Staff Member

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    Britain is banking on a series of ancient mines on its southwestern tip to secure a slice of the global electric car revolution.

    The English county of Cornwall and the surrounding area boast one of the world’s largest tin deposits yet their centuries-old mines have lain abandoned since the 1990s when a collapse in prices for the metal made them unviable.

    Now, however, a rise in demand for tin, along with other metals that can be used in electric vehicles, electronics and renewable energy, has helped create a global deficit and quadruple prices. British officials are supporting the reopening of the mines and seeking investment, leading to a mini-rush of mining companies into the area.

    Adding to the potential, new research shows the extent to which mines also contain deposits of lithium, the so-called metal of the future.
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    Source: tribune.com.pk
     

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