Chinese EV boom to spur lithium capacity growth in 2018...

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18/12/17

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Chinese EV boom to spur lithium capacity growth in 2018

Chinese producers are seeking to ramp up lithium carbonate (Li2CO3) and lithium hydroxide (Li2OH) production capacity over the course of 2018 to supply the booming Chinese electric vehicle industry, Metal Bulletin learned at the 2017 International Lithium conference in Chengdu, China.

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China is pivotal to the EV revolution, given its place in the lithium supply chain, delegates heard at the Chengdu conference.

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“We are talking about adding 168,500 tpy of lithium carbonate [97,500 tpy] and hydroxide [71,000 tpy] over the course of 2018 just in China.. world total production of lithium products is today just above 200,000 tpy, so it would be quite hard to add almost the same volume of material within a year,” a lithium consumer said.

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“We believe it is quite an ambitious target given the situation of the lithium industry because of all the issues around ramping up lithium production, especially due to the problems in securing raw material... We would be surprised if these targets are met, but definitely displays the mood of the lithium industry,” the lithium consumer added.

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Whether or not these targets will be achieved, these Chinese companies' targets are a sign of the strong sentiment of the Chinese lithium industry and the need for more material.

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AVZ Price at posting: 21.5¢ Sentiment: None Disclosure: Not Held
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Chinese EV boom to spur lithium capacity growth in 2018...

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Imricor raises $35M to pursue growth and expansion into Australia and NZ

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