The UK will need 60,000 kt/year of lithium carbonate equivalent for battery production to satisfy government plans to produce only electric vehicles by 2035, assuming production continues at around 1.2 million vehicles a year. British Lithium is aiming to supply a quarter of this by 2020.
“Our conservative opinion is that we and other potential producers in UK would be able to make a significant contribution to self sufficiency, but are unlikely to be able to meet all of UK’s rapidly growing demand,” said British Lithium’s chairman Roderick Smith.
S&P Platts Global – ELECTRIC POWER | METALS 14 Jul 2020 | London
