Britain uses Tin to drive into the Electric Vehicle Supply Chain

The English county of Cornwall claims to have one of the world’s largest tin deposits, yet this area hasn’t been actively mined since the 1990’s. Metal prices collapsed and the mines shut down. Now, demand for tin is rising, along with other metals that can be used in electric vehicles (EVs), electronics, and renewables. The British government is beginning to support the reopening of these mines, providing $1.2M towards research and is seeking investment. There is a rush of small mining companies into the area, including Canada’s Strongbox Exploration and both Australia’s Wolf Minerals and New Age Exploration. England is not the only European country looking to enter the supply chain for car batteries and renewable energy grid. Germany is looking to mine lithium at the Zinnwald project in the north, for its car industry; Finland is mining nickel for EVs in the north and battery grade lithium in the west. Tin demand currently sits at 350 000 tonnes per annum and has spot prices over 20 000 USD/tonne.

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