Talison Lithium Ltd., co-owned by Albemarle Corp. and Tianqi Lithium Corp., expects to double its production to about 1.3 million tonnes of lithium concentrate per year, ABC News reported Oct. 19, citing Talison CEO Lorry Mignacca.
This comes as the company opened a new chemical-grade processing plant at the Greenbushes lithium project in Western Australia.
Talison recently delayed the construction of a third plant but plans to bring one online in the next three to four years subject to market demand, most of which is derived from electric vehicle sales. Mignacca did not elaborate on what demand levels would be required for construction to begin.
There has been no slowdown in the production of electric vehicles; therefore, the growth of demand for lithium will also continue, the report said, citing renewables expert Ray Wills.
Wills said the impact of the U.S.-China trade war was unlikely to impact lithium sales "beyond at least in the short term."
Based on information provided by the company, the third and fourth chemical-grade processing plants at Greenbushes are expected to take annual production capacity to about 2.4 million tonnes, the report added.
Tianqi Lithium owns 51% of Talison, and Albemarle owns the rest through its Rockwood Holdings Inc. unit.