Electric vehicles drive a resurgence in the British mining industry - No not Coal but for Lithium and Tin
Now though, tin prices have skyrocketed with the increasing demand for electric vehicles, and geopolitical instability has made opening Cornwall's centuries-old tin mines an attractive proposition once again. Not only that, but new satellite imaging technology being used for the first time has reportedly found evidence of highly valuable lithium deposits near the Cornish tin mines, making them even more attractive to industry.
Interestingly enough, it's not British-owned mining consortiums getting in on the new metals boom on UK soil. These firms prefer to work at a much larger scale to drive overall costs down and alleviate the risk that comes along with smaller projects. Among the six or so companies looking into the Cornwall area are Australia's New Age Exploration and Canada's Strongbow Exploration, both companies with exceedingly cool names.
|Electric vehicles drive a resurgence in the British mining industry
Political instability, materials shortages and high demand for EVs have led the UK to look to its own backyard for minerals once again.