May 17, 2020

World's largest lithium mines to be in Australia following increased demand

Lithium mining
Rio Tinto
West Australia
Dale Benton
2 min
Largest lithium mines in the world to be built in Australia following increased demand
Two of the largest lithium mines in the world are set to be built in Australia, following increasing sales of electric vehicles and mobile phones in Chi...

Two of the largest lithium mines in the world are set to be built in Australia, following  increasing sales of electric vehicles and mobile phones in China and demand for Lithium for the batteries to power them.

Pilbara Minerals, which is developing the Pilgangoora Project in Western Australia, has recently signed an offtake agreement with Chinese firm General Lithium and plans to start mining next year.

Pilbara chief executive Ken Brinsden, said: "It's going to take a big project like ours to make a dent in the demand side. This whole scene will become really important for Australia. There's every chance that by the time we get up they will be the two largest lithium mines in the world.”

The US/Chinese-owned Greenbushes lithium mine in south Western Australia has now been declared to be the world's biggest lithium mine.

As many as five million new energy vehicles could be built in China by 2020; US electric car maker Tesla has received almost half a million orders for its Series 3 vehicle, released next year.

Another West Australian lithium developer Neometals stated that Lithium had tripled in price in the past year as batteries increase in size.

In response to this, the company is looking to commercialise its resources at Mount Marion. Mining colossus Rio Tinto has indicated that it was undertaking a pre-feasibility study on the Jadar lithium deposit in Serbia.

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Jul 20, 2021

British Lithium Pressured Due To Calls for Electric Cars

3 min
The ever-increasing need for electric vehicles is mounting pressure on British Lithium as the 2035 deadline inches closer

The British demand for lithium is set to reach 75,000 tonnes by 2035 as the government works towards their ban on the sale of high-polluting diesel and petrol vehicles within the UK. This comes as automakers worldwide continue to insist on the benefits electric vehicles will have on slowing the rate of climate change. 

It is estimated that the UK will require 50,000-60,000 MT of lithium carbonate a year by 2035 for battery production to satisfy government needs. This is assuming production remains at 1.2 million vehicles per year, and the amount of lithium required does not increase.

British Lithium, which hopes to begin constructing a quarry to produce 20,000 MT of lithium carbonate a year in a $400 million investment, are not without competitors, both within the UK and abroad. 

Competition For Lithium Rises In Europe 

After only five years after its initial launch, Cornish Lithium is setting its sights on becoming a UK powerhouse in mining lithium, aiming to begin commercial production in under four years. Jeremy Wrathall, a former investment banker and current managing director of Cornish Lithium, had the future in mind when founding the company. 

“In 2016, I started to think about the electric vehicle revolution and what that would mean for metal demand, and I started to think about lithium,” he said in an interview with AFP. “A friend of mine mentioned lithium being identified in Cornwall, and I just wondered if that was a sort of unrecognised thing in the UK.”

Lithium was first discovered in Cornwall around 1864 and has not been mined again since 1914 when it was produced as an ingredient in fireworks. Now, however, Cornish Lithium is reportedly in the testing stage to see if the metal can be produced commercially to meet the growing demand required for the electric car sector. 

Despite Cornwall’s close historic ties to mining lithium, Wrathall insists that the project is purely commercial. 

Cornish Mining Revival For Lithium Production

“It’s not a mission that drives me to the point of being emotional or romantic,” he says. “It’s vitally important that we do get this technology otherwise Europe has got no lithium supply.”

The European Commission has also stated their goal to end the sale of new petrol and diesel cars by 2035 to aid the environment. That being said, the majority of lithium extraction currently relies on power provided by environmentally damaging fossil fuels─a slight contradiction. 

Alex Keynes, from the Brussels-based lobby group Transport & Environment, is adamant that mining for lithium should be done sustainably. 

“Our view is that medium-to-long term, the majority of materials including lithium should come from efficient and clean recycling.

“Europe from a strategic point of view should be looking at securing its own supply of lithium.”

Despite growing competition from abroad, British Lithium Chairman, Roderick Smith, continues to place importance on the mining of lithium within the UK. 

“Imagine what the UK economy would look like if we lost our automotive industry,” Smith says. “The stakes are high for the UK.”

Smith expects the UK to compete with other European countries to secure a lithium battery plant in the near future.

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