The world’s current lithium annual demand is 32.5ktpa, and it’s expected to be 35Mtpa in 2050, which shows a Lithium supply and demand problem in 2030.
The global lithium resource distribution, in the world is very uneven — totally 75% of lithium resources are controlled by Australia and Chile.
Which is why Western Australia could be the new King Maker. Much like the Middle East is with Oil.
Governments are busy exploring and developing domestic lithium resources to get rid of the dependence on Lithium resource rich countries.
Read on for a brief overview of the top 6 countries that produced the most lithium in 2017. If the EV market continues to grow, it’s likely that they will produce even more of the metal in years to come.
According to investingnews.com:
Kicking off our largest lithium producers list is Australia. It produced 18,700 MT of the metal last year, up an impressive 3,300 MT from the year before. The 34-percent increase has been attributed to two new spodumene operations that ramped up production, along with strong sales.
Australia hosts the Greenbushes lithium asset, which is operated by Talison Lithium, a subsidiary jointly owned by Tianqi Lithium and Albemarle. Greenbushes is the longest continuously operating mining area in Western Australia, having been in operation for over 25 years.
Chile was another of the world’s top lithium producers in 2017, although its production decreased from 14,300 MT in 2016 to 14,100 MT last year. The US Geological Survey says the decline was likely the result of weather conditions that impacted the country’s brine production. Unlike Australia, where lithium is extracted from hard-rock mines, Chile’s lithium is found in lithium brine deposits.
Lithium producer Argentina decreased its output by 300 MT in 2017, achieving production of 5,500 MT. As with Chile, the US Geological Survey notes that the fall was likely due to heavy snowfall, which limited production at the country’s new brine operation.
China came fourth for lithium production in 2017, the same position it held the year before. The lithium producer saw its output grow to 3,000 MT last year.
For the fourth year in a row, lithium producer Zimbabwe maintained production of 1,000 MT.
Portugal produces much less lithium than the five countries ahead of it on this list. Last year, it put out 400 MT of the metal, double its output from 2016.
Read the Full Article at Investing News: https://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/lithium-producing-countries/