The United Kingdom has found lithium under its feet, but extracting it is going to be a billion-dollar logistical nightmare

For vacationers visiting cornwallin the south-west of the United Kingdom, the landscape is a haven of peace dotted with historical remains. It is the land of the old tin and copper mines that inspired series like Poldarka region with more than 4,000 years of mining history. However, beneath this postcard scenario lies the most coveted resource of the 21st century. The then Prime Minister Boris Johnson baptized it in 2021 as the “Lithium Klondike”, in reference to the historic gold rush. Today, As detailed in an extensive report by Guardianthat “white gold” is the great hope for the British energy transition. The race for the first drop of lithium. The sector has recently reached milestones that seemed impossible a decade ago. On the one hand, as reported Financial TimesCornish Lithium company has just commissioned its first commercial demonstration plant in the region. This facility is designed to extract lithium from hard rock in former clay (kaolin) mines, a crucial step that demonstrates that large-scale domestic mining is technically feasible. Crushing stone is not the only way. In parallel, a fascinating technology has emerged that unites mining and renewable energy. It turns out that, several kilometers deep, the superheated water flowing through the fractures of the granite of cornwall It is loaded with dissolved lithium. As explained by BBCTaking advantage of this has enabled a historic milestone: the United Downs power plant, operated by Geothermal Engineering Ltd (GEL), has become the first in the country to generate electricity from the Earth’s heat, while producing the first domestic supply of lithium extracted from these underground fluids. The mechanics, as detailed Guardianis ingenious: the boiling brine is pumped (at about 200 °C), its heat is used to drive turbines that generate electricity, the lithium is chemically extracted and the cold water is returned to the subsoil. The initial figures for this project are modest—just 100 tons of lithium per year, enough for 1,400 electric cars—but the goal is to scale up to 18,000 tons per year. What does it really mean to unearth this treasure?? As emphasized Financial Timesthe primary motivation is geostrategic: the West desperately needs to reduce its dependence on China in the critical metals supply chain. Additionally, unlike wind or solar energy, geothermal brine provides renewable electricity “24 hours a day, 7 days a week”, shielding the network against the vagaries of gas. An abyss riddled with obstacles. But from the laboratory to the commercial mine there is a stretch full of barriers. First, drilling wells kilometers deep or building processing plants requires massive injections of capital. The GEL project has already cost 50 million pounds, inform BBC. Furthermore, the market is ruthless: recently, the Imerys British Lithium (IBL) side project, which promised to create the largest lithium hub in the country, has had to be halted due to “funding constraints and difficult market conditions.” The second major obstacle is the emotional shock with the population. A report from a few months ago in The Conversation perfectly illustrates this drama in the village of St Dennis. For Cornish Lithium to expand its open-pit mine at the former Trelavour quarry, it needs to demolish huge conical mountains of clay waste. The problem is that the locals have affectionately named them Flatty and Pointy. What for the mining company is debris that blocks lithium, for the people it is their heritage, their visual identity since the 19th century. It is the bitter dilemma of the green transition: sacrificing the local landscape to save the global climate. The Spanish mirror. This tension between national urgency and local rejection resonates strongly in Spain. As we have explained in Xatakathe European Union has launched a lifeline of 22,000 million euros to support 47 strategic mining projects and stop the bleeding of foreign dependence. Seven of them are on Spanish soil, with three standing out in Extremadura: the Aguablanca mine (the only nickel deposit in Europe, which reopens after a decade) and the tungsten mines of Las Navas and La Parrilla. However, the syndrome NIMBY (“Not In My Back Yard”) hits just as it does on British soil. The same publication recalls that the emblematic and controversial Cáceres lithium mine has been left out of European aid due to the fierce opposition of neighborhood and environmental platforms, a social pressure that has already managed to knock down similar projects in Ávila. The shadow of the dragon: the clock is ticking. While Europe deals with waste dumps and bureaucracy, China competes in another league. Fatih Birol, director of the International Energy Agency (IEA), warned to launch An operational mine takes an average of 17 years. The West is running against the clock, and Beijing is two decades ahead of us. And the data is suffocating. China processes 80% of the world’s lithium and 95% of graphite. For years, they sold batteries below production cost, taking losses to exterminate Western competition and establish silent dependence. Far from relaxing, the Asian giant keep devouring the subsoil: it has recently tripled its lithium reserves (going from 6% to 16.5% worldwide) thanks to new discoveries in its salt lakes. And the problem is not just “white gold.” The IEA alert that by 2035 there will be a 30% supply deficit in copper. Without copper for the cables, having batteries will be useless. The true cost of the transition. The UK’s mining awakening is the perfect microcosm of the challenge facing the West. We have discovered that we have the treasure under our feet, but geology is only the starting line. “White gold” requires colossal sacrifices. It requires risking billions in unstable markets, altering places that communities love and facing a very slow bureaucracy in the face of an implacable Asian rival. The batteries that will power the 21st century are not only going to cost us money; They will require profound social wear and tear. Lithium promises us the future, but unearthing it is going to be a real nightmare. Image | Cornish Lithium Xataka | China sold cheap batteries … Read more

Amancio Ortega’s taste for big logistical bets

One of the keys that led Inditex to maintain its position as world leader of fashion was the ability of Amancio Ortega to get ahead of growth and taking advantage of market changes with an impressive logistics network for its ecosystem of brands. Although Amancio Ortega is no longer the visible head of Inditex, his strategy is still in force under the mandate of his daughter Marta Ortega. The latest move by the multinational: a historic investment in Sagunto, to build a new logistics center on a 380,000 m2 plot right next to a Volkswagen gigafactory. Inditex was left alone in the bid. According to informed The Opinion of A CoruñaInditex has presented the only offer to acquire a plot of approximately 388,000 square meters in the Parc Sagunt II business park, near the Valencian town of Sagunto, where a new logistics base will be located. The offer was presented through a recently created limited company called Alveston ITG, established with an initial capital of 3,000 euros and linked to Inditex. This company was the only one that submitted an offer for one of the lots that the managing consortium Espais Econòmics Empresarials (a commercial company jointly owned by the Generalitat and the State Society for Industrial Promotion and Business Development) put up for sale this summer. Just a slice of the whole cake. According to detailed The Confidentialthe complete plot that was put up for sale consisted of a total area of ​​1,000,202 square meters with a combined price of 160 million euros. However, this plot was divided into four smaller lots. Two of them with surfaces of 388,000 and 381,000 m2 for 62.14 million and 61 million respectively, one of which has been awarded to Inditex, as well as two smaller ones with 164,407 m2 and 65,612 m2 respectively. According to sources consulted by El Confidencial, Inditex would have only bid for the largest of the lots with 388,377 m2, the usual surface area of ​​its logistics platforms. Volkswagen Neighbors. The land on which the next Inditex logistics center will be built will border those of the gigafactory that Volkswagen is building in Sagunto. In fact, the land that the multinational founded by Amancio Ortega has acquired was reserved for suppliers of PowerCO, a company linked to Volkswagen that builds batteries for electric cars. However, as there was no interest from third parties, the authorities opened the tender for other possible industrial or logistics projects, including the Inditex proposal. A new piece for the Inditex gear. Inditex’s interest in Parc Sagunt is neither new nor coincidental. The company already has another platform of almost 280,000 square meters in place for its Tempe footwear brand in the first phase of the same industrial park (Parc Sagunt I), so it is expected that this new investment will reinforce Inditex’s commitment to converting Sagunto into a hub for your logisticsafter lowering his interest in Cheste’s land. This new purchase considerably expands its logistics capacity in the area, where connectivity and access play a fundamental role in the efficiency of your stores. The location allows quick communications with Madrid, Aragon and the Mediterranean corridor, including ports and railways. The project, which will still have to be developed for several years, is part of the Inditex logistics plan 2024-2025which includes investments of more than 1,800 million euros in new distribution centers and expansions in Spain and abroad. In Xataka | Inditex is the goose that lays the golden eggs for Amancio Ortega: it receives 98 euros per second and has tripled its dividends Image | Wikimedia Commons (Nemigo), GTRES

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.