UK lithium mining company Cornish Lithium is planning an IPO later this year as it looks to supply the UK automotive battery industry from 2026, its CEO has said.
The listing will take place on the London stock exchange, CEO Jeremy Wrathall told Autocar. “We are a proudly British company, with the aim being to supply the British automotive industry if we can,” he said. The company is aiming to list in June but Wrathall says September/October is “more likely”.
Lithium has been referred to as ‘white gold’ due to its importance for the making of lithium ion batteries and for its steeply rising price in recent months. Lithium is a key material for the battery cathode, which accounts for much of the cost of an automotive battery.
