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.

  • OROCOBRE Managing Director & CEO Richard Seville talks with Commsec

    OROCOBRE Managing Director & CEO Richard Seville talks with Commsec

    Orocobre Managing Director & CEO Richard Seville has spoken with CommSec as part of their Executive Series. Richard discusses the release of Orocobre’s full year 2018 results, lithium price market forecasts, the Toyota Tsusho Corporation Joint Venture and how Orocobre plans to maintain its low-cost profile.
  • ASX to flick switch on battery tech & lithium themed exchange traded fund

    ASX to flick switch on battery tech & lithium themed exchange traded fund

    The ASX will flick the switch on a Battery Technology & Lithium themed Exchange Traded Fund on Monday in a development that will both capitalise on, and stoke the growing interest, in electric cars. The Battery Technology & Lithium ETF will trade under the code ACDC in a nod to the firm’s Australian founder Graham... View Article
  • Orocobre 2018 Full Year Financial Results – WEBCAST

    Orocobre 2018 Full Year Financial Results – WEBCAST

    Orocobre Limited (ORE:ASX ORL:TSX), a leading and sustainable global supplier of high grade, high value lithium chemicals have conducted an online webcast briefing regarding financial results for the full year to 30 June 2018.

Be the first to know.
Subscribe Now.

We will never sell or share this information to anyone. Privacy Policy
© 2018 Orocobre Limited Pty Ltd