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Chilean lithium mining company SQM said the global lithium industry will need at least $10-12 billion in investment over the next decade to meet the growing demand for lithium mines brought about by rising demand for plug-in
electric vehicles.
The global lithium industry needs to invest $10-12 billion over the next decade
Daniel Jimenez, senior vice president of commercial at SQM, also noted that demand for lithium is expected to grow by another 600,000-800,000 tonnes of
lithium carbonate equivalent over the next 10 years or so.
This was presented at the recent Metals Bulletin Battery Materials conference in Shanghai, and a significant increase
in demand is expected.
Reuters provided further information: "SQM's forecast is based on typical undeveloped investment expenditures
per tonne of lithium carbonate equivalent.
Historically, the industry has underestimated lithium demand and overestimated supply
.
”
"The company's current lithium carbonate production capacity in Chile is 48,000 tons per year, which will be expanded to 70,000 tons this year and 100,000 tons
next year.
" Jimenez said
.
It was recently announced that Chilean authorities had approved a $754 million investment in mining new lithium mines
in the country.
While news like this doesn't mean much in itself, it's only gotten into the spotlight
as plug-in EV sales appear to be on a rapid growth trajectory and battery-based energy storage products and projects become more common.
Presumably, expect to see more announcements
of large-scale investments in the lithium industry soon.
，
Chilean lithium mining company SQM said the global lithium industry will need at least $10-12 billion in investment over the next decade to meet the growing demand for lithium mines brought about by rising demand for plug-in
electric vehicles.
The global lithium industry needs to invest $10-12 billion over the next decade
The global lithium industry needs to invest $10-12 billion over the next decadeDaniel Jimenez, senior vice president of commercial at SQM, also noted that demand for lithium is expected to grow by another 600,000-800,000 tonnes of
lithium carbonate equivalent over the next 10 years or so.
This was presented at the recent Metals Bulletin Battery Materials conference in Shanghai, and a significant increase
in demand is expected.
Reuters provided further information: "SQM's forecast is based on typical undeveloped investment expenditures
per tonne of lithium carbonate equivalent.
Historically, the industry has underestimated lithium demand and overestimated supply
.
”
"The company's current lithium carbonate production capacity in Chile is 48,000 tons per year, which will be expanded to 70,000 tons this year and 100,000 tons
next year.
" Jimenez said
.
It was recently announced that Chilean authorities had approved a $754 million investment in mining new lithium mines
in the country.
While news like this doesn't mean much in itself, it's only gotten into the spotlight
as plug-in EV sales appear to be on a rapid growth trajectory and battery-based energy storage products and projects become more common.
Presumably, expect to see more announcements
of large-scale investments in the lithium industry soon.
，
