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"


Group Ten Reports High-Grade Gold, Palladium, and Platinum Results from the Pine and HGR Targets at the Stillwater West Project in Montana, USA

Group Ten Metals Inc. (TSX-V: PGE) (OTC: PGEZF) (FSE: 5D32) is pl... READ MORE

May 29, 2020

LAURION Intersects 28 g/t Gold over 1.1 m and 0.58 g/t Gold, 6.10 g/t Silver, 0.11 % Copper and 1.92 % Zinc over 63.9 m at Ishkoday Project, Ontario

LAURION Mineral Exploration Inc. (TSX-V: LME) (OTCPINK: LMEFF)&nb... READ MORE

May 29, 2020

Summa Silver Corp. Closes Oversubscribed $5 Million Financing and Welcomes Eric Sprott as Investor

Summa Silver Corp. (CSE:SSVR) (Frankfurt:48X) is pleased to annou... READ MORE

May 28, 2020

Kintavar options Anik Gold property to IAMGOLD; up to $6.5M work commitment and potential to receive up to $3M payment

Kintavar Exploration Inc. (TSX-V: KTR) (FRANKFURT: 58V), is very ... READ MORE

May 28, 2020

Osino Resources Drills Additional Wide Gold Intercepts and Further Increases Strike of Mineralization at Twin Hills Central Discovery, Namibia

Osino Resources Corp. (TSX-V: OSI) (FSE: RSR1) is pleased to anno... READ MORE

May 28, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions