Thailand aims for lithium output in two years, boosting EV ambitions

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This positions Thailand as an emerging player in the lithium market, aligning well with its ambitions to become a regional hub for electric vehicles," said Lock.</p> <p>The potential timeline for mining at Reung Kiet and details of the Bang I Tum resource have not been previously reported.<br /> The total lithium resources in Thailand, and the amount that could be viably mined, is still unclear. Australia, Argentina, Chile and China are among the world's major lithium suppliers.</p> <p>Starting lithium production coincides with Thailand's push into higher EV output. The country, Southeast Asia's largest car producer and exporter, wants to convert about 30 percent of its annual vehicle production into EVs by 2030.</p> <p>So far, 38 battery production projects, including for EVs and other uses, totaling an investment of 23.6 billion baht ($659.40 million), have received support from the Thailand Board of Investment, its secretary general Narit Therdsteerasukdi said.</p> <p>"Our goal is to push Thailand to become the regional hub for battery production, both for EV and for energy storage," he said.<br /> The Thai government is also pushing for lithium exploration in new areas, including revising regulations to enable private firms such as Matsa Resources, an Australian miner hunting for lithium in Thailand, to undertake studies on agricultural land, DPIM's Aditad said.</p> <p>"We have been working on this, on revising regulation for quite sometime. We plan to finish them by the end of next month," he said.</p> <p>Matsa holds two special prospecting licenses in Thailand and has over 100 applications in the pipeline, it said in a January announcement.</p> <p>"They will be only one of a handful of countries that have got the whole supply chain from mining to production within the same country," said Paul Poli, Matsa's executive chairman.</p> <p>The Thai lithium deposits under exploration are found within what are known as lepidolite minerals, which differs from Australian mines that typically produce lithium from spodumene and Chilean projects that extract the metal from brine.</p> <p>Matsa and Pan Asia said they are in discussions with Chinese firms to process the lepidolite mineral, which can be more expensive than the processing for spodumene and brine. Chinese firms have experience producing lithium from lepidolite in Jiangxi province.</p> <p>"Our discussions with the Chinese lepidolite mining and processing company are focused on a potential tripartite venture to mine and produce lithium chemicals in Thailand," Pan Asia's Lock said.</p> <p>Establishing a mine and a 10,000-tonnes-per-annum lithium conversion plant in Thailand would require an investment of about $180 million to $250 million, he said.</p> <p>"This strategy aims to support Thai-based battery manufacturers by ensuring a local supply of essential materials," he added.<br /> ($1 = 35.7900 baht)</p> <p>(Reporting by Devjyot Ghoshal and Panu Wongcha-um; Editing by Christian Schmollinger)<br />  </p> </p> </span> </div> <p> </p> <style> /* Slideshow container */ .slideshow-RightColumn { } /* Hide the images by default */ .mySlidesRightColumn1 { display: none; } /* Hide the images by default */ .mySlidesRightColumn2 { display: none; } /* Hide the images by default */ .mySlidesRightColumn3 { display: none; } </style> <div class="slideshow-RightColumn" style="background-color:#FFFFFF; border-top:20px solid white; border-right:10px solid white;"> <center> </center> </div> <script> var slideRightColumn1Index = 0; showSlidesRightColumn1(); function showSlidesRightColumn1() { var i; var slidesRightColumn1 = document.getElementsByName("mySlidesRightColumn1"); for (i = 0; i < slidesRightColumn1.length; i++) { slidesRightColumn1[i].style.display = "none"; } slideRightColumn1Index++; if (slideRightColumn1Index > slidesRightColumn1.length) {slideRightColumn1Index = 1} slidesRightColumn1[slideRightColumn1Index-1].style.display = "block"; setTimeout(showSlidesRightColumn1, 15000); // Change image every 15 seconds } var slideRightColumn2Index = 0; showSlidesRightColumn2(); function showSlidesRightColumn2() { var i; var slidesRightColumn2 = document.getElementsByName("mySlidesRightColumn2"); for (i = 0; i < slidesRightColumn2.length; i++) { slidesRightColumn2[i].style.display = "none"; } slideRightColumn2Index++; if (slideRightColumn2Index > slidesRightColumn2.length) {slideRightColumn2Index = 1} slidesRightColumn2[slideRightColumn2Index-1].style.display = "block"; setTimeout(showSlidesRightColumn2, 15000); // Change image every 15 seconds } var slideRightColumn3Index = 0; showSlidesRightColumn3(); function showSlidesRightColumn3() { var i; var slidesRightColumn3 = document.getElementsByName("mySlidesRightColumn3"); for (i = 0; i < slidesRightColumn3.length; i++) { slidesRightColumn3[i].style.display = "none"; } slideRightColumn3Index++; if (slideRightColumn3Index > slidesRightColumn3.length) {slideRightColumn3Index = 1} slidesRightColumn3[slideRightColumn3Index-1].style.display = "block"; setTimeout(showSlidesRightColumn3, 15000); // Change image every 15 seconds } </script> <div style="text-align:left; width:640px; padding-left:70px; padding-right:30px; font-size:100%;"> Related article search: <br> <div style="padding-top:10px; padding-left:0px; padding-bottom:20px;"> <a href="featureFinder.cfm?articleKeyWord=Thailand lithium mining&submit=1"> Thailand lithium mining </a>     <a href="featureFinder.cfm?articleKeyWord= electric vehicles&submit=1"> electric vehicles </a>     <a href="featureFinder.cfm?articleKeyWord= Pan Asia Metals&submit=1"> Pan Asia Metals </a>     </div> </div>  </div> </div> </div> <footer class="black-wrapper"> <div class="container inner"> <div class="divide30"> </div> <div class="row"> <section class="col-sm-3 widget"> <h3 class="section-title widget-title"> About </h3> <p> ©2021 SME All Rights Reserved. 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Thailand aims for lithium output in two years, boosting EV ambitions - Mining Engineering Online