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Tees Valley Lithium, owned by Alkemy Capital Investments, plans to work with three partners to build the UK’s first plant for making lithium hydroxide for lithium-ion batteries. Located in Teeside, England, on a former ICI chemicalsite, the plant is set to open with 24,000 metric tons (t) per year of capacity in 2024 and expand to 96,000 t by 2030. It is expected to cost $1.1 billion. The project’s go-ahead is subject to a feasibility study, the companies say.
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