Production expansions to rebalance global Li market


Source: argusmedia.com argusmedia.com

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Argus Website Welcome, Guest | Log In Beijing, 25 October (Argus) — Capacity expansions by major lithium producers globally, prompted by higher profit margins amid rising prices for lithium salts and feedstocks, are expected to rebalance the lithium market following supply deficits in the past few years, according to market participants. The 750,000 t/yr Wodgina spodumene concentrate project in the Pilbara region of Western Australia, in which joint-venture partners US-based Albemarle and Australia's Mineral Resources (MinRes) own 60pc and 40pc respectively, is on track to restart operations in by the third quarter of 2022. Albemarle is a major lithium producer,...