PLS 0.52% $2.88 pilbara minerals limited

Tianqi to double their WA lithium plant

  1. 34 Posts.
    I am confident we are at the beginning of a revolution .. like Cd,s the internet, the news just keeps coming (last week 2.1 billion gigafactory planned for Townsville), today's Fin Review, Tianqi in WA ...


    http://www.copyright link/business/...plans-to-double-wa-production-20170620-gwv8ha

    Better than expected global demand for lithium hydroxide has encouraged China's Tianqi Lithium Corporation to consider spending about $371 million to double the capacity of the lithium hydroxide plant it is building in Western Australia.
    The major lithium producer said it was studying adding a second phase to its new plant, which is under construction in Kwinana, 38 kilometres south of Perth.
    The expansion would double the plant's annual capacity to 48,000 tonnes of battery grade lithium hydroxide and bring the total cost of the plant to $771 million.
    Tianqi Lithium Australia general manager Phil Thick said the acceleration of the second phase was "being driven by stronger than expected growth in lithium hydroxide demand globally".
 
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