Information received from major information and data company – Global Data, shows lithium production set to triple over the next four years, with Australia leading the effort.
Global lithium production is set to rise to 154,000 tonnes annually, driven by international demand for battery grade lithium for the electric vehicle and smart phone industries. Western Australia plays a particularly important role in these figures, as the hard rock mines found within the state are expected to be the main source of the in demand metal.
Western Australia has some of the largest hard rock Spodumene deposits. According to the Lithium Valley report 2018 – there are over 50 active lithium projects in the state, including operating mines at Greenbushes, Mt Marion, Mt Cattlin, Wodgina and more recently Pilgangoora. Other projects which are close to completion include Earl Grey (Mt Holland) and Bald Hill. These projects are expected to increase Australia’s capacity by 37%.
Australia currently produces 18,300 tonnes per annum, closely followed by Chile at 14,100 tonnes per annum.