Connect with us

Energy & Critical Metals

Australian lithium production to grow by 24.5% in 2022 as capacity expands

Ongoing labour shortages due to Covid-19 remain a challenge for lithium output in Australia.
The post Australian lithium production to grow by 24.5% in…



This article was originally published by Mining Technology

Australia’s lithium production is set to increase by 24.5% to 68.45 thousand tonnes (kt) in 2022, as projects that were operating at reduced capacity, mostly due to the pandemic restrictions, returned to regular levels back in 2021 and are expected to continue operations going forward. However, ongoing labour shortages due to continued cases of Covid-19 remain a key challenge for Australia, which accounts for more than half of the global lithium output.

For example, first quarter 2022 output at Pilbara Minerals dropped by 2.4% to 81,431 dry metric tonnes (dmt) of spodumene concentrate, having been impacted by the community transmission of Covid-19 in Western Australia, resulting in the shortage of staff and contractors. This is anticipated to continue in the current quarter, ending June 2022.

Overall, Australia’s lithium output is expected to increase at a CAGR of 14.2% to 116.24kt in 2026, supported mainly by scheduled expansions alongside consistent output from existing mines. A sharp increase in the country’s production is expected to take place in 2023, when the Wodinga lithium mine, which was put under care and maintenance in late 2019, returns to operations.

GlobalData also anticipates the resumption of mining activities at Bald Hill Lithium and Tantalum (2023) and the commencement of Mt Holland Lithium (2023) and Kathleen Valley (2024) projects to further boost Australia production.

In May 2022, Tianqi Lithium produced Australia’s first lithium hydroxide monohydrate, also known as battery-grade lithium, from its plant in Kwinana, which will add significant value to the Australian lithium industry.

With an objective to reduce fuel consumption and greenhouse gas (GHG) emissions, due to concerns over global warming, global demand for batteries continues to increase, driven by demand from electrical appliances and electric vehicles. As a result, the global demand for lithium, a key raw material for batteries, is expected to rise from a forecasted 114.4kt in 2022 to 248.4kt in 2026, at a 21.4% CAGR.

The post Australian lithium production to grow by 24.5% in 2022 as capacity expands appeared first on Mining Technology.



The 3 Best Tech ETFs to Buy Now

One of the best ways to make a great deal of money in the stock market is by buying shares of companies that are benefiting from tech revolutions. The…

Continue Reading
Energy & Critical Metals

E3 Lithium Outlines 23.4 Mt LCE Inferred Mineral Resource in Consolidated Bashaw District

CALGARY, AB, July 11, 2022 – E3 Lithium (TSXV:ETL)(OTCQX:EEMMF) (the “Company” or “E3 Lithium” or “E3”), Alberta’s leading lithium developer…

Continue Reading
Base Metals

Visualizing the New Era of Energy

This infographic explores the exponential growth of the technologies that are shaping the new era of energy.
The post Visualizing the New Era of Energy…

Continue Reading