Major lithium projects in Cornwall could contribute £3.8 billion to the county's economy over the next 25 years, according to a new independent report. The analysis, commissioned by mineral exploration firm Cornish Lithium, highlights that the Trelavour Lithium Project near St Austell, the Cross Lanes Geothermal Lithium Project near Truro, and eight other potential geothermal sites could also sustain more than 700 jobs.
Lithium extraction and environmental benefits
Cornish Lithium, founded in 2016, is working to extract lithium using a new technology that produces fewer carbon emissions than other global processes. Lithium is essential for manufacturing batteries for electric vehicles, smartphones, and laptops. The company’s Trelavour project is expected to produce around 10,000 tonnes of battery-grade lithium hydroxide annually over a mine life of at least 20 years, reducing the UK’s dependence on imports from China, Chile, and Australia.
Meeting government production targets
Cornish Lithium states that its projects, including the 'Lithium in Geothermal Waters' initiatives, could meet approximately 40 per cent of the government’s production target of 50,000 tonnes per year by 2035. This output is necessary for planned battery capacity. Additionally, the projects have the potential to provide low-carbon heating to around 29,000 Cornish households.
The economic impact report, published by Public First, is based on a feasibility study of the Trelavour project. Jamie Airnes, chief of Cornish Lithium, commented: “Our projects could have a transformational impact on Cornwall’s existing job market as well as the career prospects of the next generation and, through supply chain engagement, benefit a broad spectrum of local and regional businesses.” He added: “Cornwall has one of the largest lithium resources in Europe, along with the technology, skills and expertise needed to develop it responsibly, and the government has recognised this opportunity.”
Next steps and local support
Cornish Lithium is preparing to progress its Trelavour project to commercial production, subject to planning permission. Mr Airnes said: “We look forward to continuing to work with residents, businesses and politicians to bring this and our Lithium in Geothermal Waters projects to fruition, for the benefit of Cornwall and the UK as a whole.”
Noah Law, MP for St Austell and Newquay, emphasised the importance of securing the industry for Cornwall. He stated: “There is, quite simply, no other growth industry in Cornwall that we can say is worth a couple of hundred million today but could credibly be worth north of a billion pounds in just a few years. It will ensure local people have the fullest stake possible in its spoils, across local infrastructure and skills development, job creation, and public and local ownership opportunities.”
The news follows the completion of specialist works at Cornish Lithium's Cross Lanes project just weeks ago.
