The UK will need between 53,000 and 70,000 tonnes of lithium per year to meet EV demand by 2030, but is currently on track to secure only around 35,000 tonnes, according to energy research firm Rystad.
Industry experts have called for increased government investment in domestic lithium processing capabilities, and the establishment of new trading agreements with countries abundant in lithium to ensure a stable supply for the UK's EV industry.
However, amid the ups and downs of Britain’s attempts to bolster its EV manufacturing capacity, another area of concern has crept into the picture; the ability to supply and process the vital minerals used in electric batteries. However, it is currently only on track to have only secured around 35,000 tonnes by the end of the decade.And while the UK published a Critical Minerals Strategy in July last year, the only tangible developments since then have been the launch of a new intelligence centre, to study the minerals the UK is sorely lacking, and the meeting of a new taskforce which does not appear to have done anything.
Ben Nelmes, who heads up the EV research group NewAutoMotive, cautioned that “if we’re more reliant on supply chains that are further afield, it’s going to push up the cost of the vehicles because you’re going to have to transport batteries or cells.” He argued it was “clear to everybody that there’s probably not enough supply in Europe” to “meet all the demand.”
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