British mining industry is on the rise due to high EV demand
According to a recent Reuters report, mining industry in the UK is set to witness a resurgence of sorts, thanks to high demand for electric vehicles (EVs) and shortage for materials for these vehicles.
As per the report, industrial mining for EV materials, particularly tin mining, is becoming an attractive proposition in the UK in recent times because of skyrocketing tin prices resulting from increasingly high EV demand as well as geopolitical instability, especially the escalating tensions between the US and China which is the world’s biggest producer of minerals used in making EVs.
With tin mining being an important industry in England’s southwestern region called Cornwall for centuries, before falling out of favour because of metal price crashes in 1990s, the opening Cornwall’s tin mines can now be reconsidered. The potential move is becoming all the more attractive for the UK mining industry because satellite images of the area near Corwall’s tin mines have revealed the possibility of extremely valuable lithium deposits at the sites.
With regard to the resurgence of British mining industry, lawmaker Pauline Latham -- the head of a parliamentary mining group -- told Reuters: “We need to ensure the secure supply of the technology metals and critical minerals.”
Latham further added that the move is “necessary” because a large part of the metals and minerals market is owned by China which is potentially involved in a “global trade war” with the US.
According to a report released by research firm Bloomberg New Energy Finance (BNEF) on Tuesday, electric vehicles (EVs) are expected to suck up a much higher percentage of world’s total electricity demand in the coming years, as compared to the pr
In a recent announcement, German automaker Porsche has revealed that an electric car charging mobile app and service -- called the ‘Porsche Charging Service’ -- is being launched by the company for the convenience of its customers.
Earlier this week, Canada-based car manufacturer Magna International announced that it is forming a joint venture with BAIC subsidiary Beijing Electric Vehicle Company for producing two new premium electric cars in China.
In accordance with Volkswagen (VW)’s settlement with the EPA and CARB over the infamous diesel-emissions cheating scandal, the German automaker has recently announced that its Electrify America company is launching a ‘Green City’ initiative in Sac
The owners of Tesla electric cars in Russia have come together to deploy two electric-vehicle (EV) charging stations in the country, to facilitate the road trip to Moscow for the FIFA World Cup this month.
In a recent address at the Energy Ireland conference in Croke Park, ESB Chief Executive Pat O’Doherty projected that the “key” to decarbonising Ireland in the coming decades will be a widespread adoption of electric vehicles (EVs), as well as an i