The Prospector News

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

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

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

MORE or "UNCATEGORIZED"


Orsu Metals Closed Two Concurrent Private Placements Raising C$1.44 Million

Orsu Metals Corporation (TSX-V:OSU) is pleased to announce it has... READ MORE

November 8, 2019

Balmoral Welcomes Strategic Investment from Mr. Eric Sprott, Closes Final Tranche of Non-Brokered Private Placement for Total Gross Proceeds of $3.5 Million

Balmoral Resources Ltd. (TSX:BAR) announces that it has closed th... READ MORE

November 8, 2019

Monument Announces Drill Program Results at Selinsing Gold Mine Pit 4

Monument Mining Limited (TSX-V: MMY) (FSE: D7Q1) is pleased to an... READ MORE

November 8, 2019

Intercontinental Gold and Metals Ltd. Reports Record Gold Exports for Q3 2019; Revenue increased by 286% to $136.0M versus $35.2M in the Q3 2018

Intercontinental Gold and Metals Ltd. (TSX-V: ICAU) (OTC: GXMLF) ... READ MORE

November 8, 2019

AMEX Announces Closing of C$8 Million Bought Deal Private Placement

Amex Exploration Inc. (TSX-V: AMX) is pleased to announce that it... READ MORE

November 8, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions