Worldwide lithium production rose roughly 13 percent from 2016 to 2017, coming in at 43,000 MT last year.
Australia 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 (SZSE:002466) and Albemarle (NYSE:ALB). Greenbushes is the longest continuously operating mining area in Western Australia, having been in operation for over 25 years.
Australia also holds over 2.7 million MT of identified lithium reserves, according to the US Geological Survey — that’s just behind China and, of course, Chile. It is worth noting that most of the country’s lithium is exported to China as spodumene.
I will be hanging on a bit longer than this year to see the outcome of the EV in this country
Worldwide lithium production rose roughly 13 percent from 2016...
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