April 19, 2018

The global lithium industry will need $10 billion – $12 billion investment over the next decade to meet growing demand for the metal on the back of the electric vehicle boom, Chilean lithium miner SQM says. Demand is set to grow by 600,000 – 800,000 tonnes of lithium carbonate equivalent over the next 10 years, Daniel Jimenez, senior commercial vice president at SQM, tells the Metal Bulletin Battery Materials Conference in Shanghai.

“So a lot of capital needs to be put on the table for this to materialise, which is a challenge,” Jimenez told the Metal Bulletin Battery Materials Conference in Shanghai.

“Some original equipment manufacturers, such as battery producers and some car manufacturers, have started to get involved in lithium projects, financing or co-financing the development,” he added, citing Toyota Motor Corp and Great Wall Motor as examples.

“This is a trend we will probably continue seeing because there is a legitimate concern on the side of the vehicle manufacturers” over the reliability of supply sources, Jimenez said. In addition, the lithium industry “has shown a poor track record of delivering projects on time,” he added.

FULL ARTICLE: Chile’s SQM says lithium industry needs at least $10 bln investment over 10 yrs

FULL ARTICLE: Chile’s SQM says lithium industry needs at least $10 bln investment over 10 yrs (Update 1)

Latest News &
Announcements

All our latest news, speeches, announcements, presentations and media releases from Orocobre Limited. The best way to stay up to date is to sign up for our newsletter.

  • Kia intends to sell 500,000 EVs annually by 2026

    Kia intends to sell 500,000 EVs annually by 2026

    Kia Motors just announced its mid- to long-term strategy “Plan S” to “spearhead transition to EV, mobility solutions by 2025”, which will be supported by a 29 trillion won ($25 billion) investment. Kia intends to sell some 500,000 all-electric cars annually by 2026.
  • China says no significant cut in new energy vehicle subsidies in 2020

    China says no significant cut in new energy vehicle subsidies in 2020

    China will not make significant cuts to subsidies for new energy vehicles (NEV) this year, signalling that its policy will remain relatively stable, state media quoted the country’s industry ministry as saying on Saturday.
  • Orocobre Corporate Video – 2019

    Orocobre Corporate Video – 2019

    Subscribe to the Orocobre Limited YouTube channel for all the latest video updates. Despite the challenging global lithium market coupled with a turbulent Argentine economy, 2019 has been another year of achievement for Orocobre Limited with the Stage 2 Expansion project at the Olaroz Lithium Facility achieving a number of milestones including construction of new... View Article

Be the first to know.
Subscribe Now.

We will never sell or share this information to anyone. Privacy Policy
© 2020 Orocobre Limited Pty Ltd