Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email

Global lithium production to triple over the next four years, says GlobalData

 

 

 

 

 

High growth in demand for lithium batteries is spurring three-fold growth in mine production of lithium over the next four years, with 86kt of new lithium metal capacity coming on stream, according to GlobalData, a leading data and analytics company.

 

 

Sameer Chakravarthy, Mining Analyst at GlobalData, comments: “After moderate growth in lithium supply between 2010 and 2017 of 6.4% per annum, global output is expected to triple between 2018 and 2022 to reach 154kt (metal content), as 86kt of new metal capacity comes on stream to meet the increasing demand for the metal for use in batteries in electric vehicles and smartphones.”

 

 

 

 

Currently, highest production is in Australia with 18.3kt, followed by Chile and Argentina with 14.1kt and 5.5kt respectively. Among the largest global producers are SQM, which is market leader with a 25% share of global production, followed by Talison with 24%, Albemarle with 17% and FMC with 9%.

 

 

Over the next four years, Australia will account for the largest share of the additional capacity with 37%, with mine openings at Pilgangoora, Wodgina, Bald Hill and Mt Holland. It will be followed by Argentina with 29%, Canada with 16%, Chile with 9%, the US with 6%, and Mexico with 4%.

 

Posted August 20, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email

MORE or "UNCATEGORIZED"


IMPACT Silver Closes Second Tranche of Oversubscribed Financing Totalling $1.74 Million

IMPACT Silver Corp. (TSX-V:IPT) is pleased to announce that it ha... READ MORE

January 18, 2019

Midland Exploration Announces Closing of a Private Placement With the Caisse de dépôt et placement du Québec

Midland Exploration Inc. (TSX-V: MD) is pleased to announce that ... READ MORE

January 18, 2019

Great Atlantic Drilling Intersects 7.89% Zinc EQ Over 34.3 Meters

GREAT ATLANTIC RESOURCES CORP. (TSX-V.GR) is pleased to an... READ MORE

January 18, 2019

Cobalt 27 Closes Royalties on Flemington Nickel-Cobalt Project and Nyngan Scandium Project in Australia

Cobalt 27 Capital Corp. (TSX-V: KBLT) (OTCQX: CBLLF) (FRA: ... READ MORE

January 18, 2019

Blue Moon Cuts 30.3% Zinc, 1.7% Copper Plus Precious Metals Over 30 Feet at Blue Moon Deposit (true width ~55%)

Blue Moon Zinc Corp.(TSX-V: MOON) (OTC: BMOOF) is pleased t... READ MORE

January 18, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions