Global lithium market turning bullish in 2019??Here was the headlines some years ago...
"Global lithium market turning bullish in 2009" "Global lithium market turning bullish in 2014" Seriously. Not much has changed.....the lithium potential was bullish ten year ago, and is still bullish today. This notion of "Too Big Too Fail", or "Too Important Too Fail" is extremley misleading.
Eight years ago, I was invested in the world's 3rd largest procducer of lithium....Talison Lithium. To no surprised, Talison was bought out by the Chinese [Tianqi] some years later. Today, Talison's Greenbushes mine is the largest hardrock lithium mine in the world. AND, last summer this extremely experienced and well established lithium operator [25 years] announced that they approved $500 million to substantially increase the size of their mine and production in 2020. To the tune of a whopping 260,000 tonnes of Lithium carbonate equivalent. Compare that to NMX's proposed 33,000 tonnes equivalent.
Therefore, based on the sentiment on this board, we should state...
- Talison's mine is too 'big' to fail
- Talison's mine is too 'important' to fail
- The world will survive should NMX's operation fail.
But I will say it again......Nemaska lithium will more than likely make it to market. And I hope for all shareholders sake, that you will get past the current risk and make some money on this play. But do keep it all in proper context.
Talison Lithium to expand Greenbushes lithium mine in $516 million project
By Dale Benton
A leading global supplier of lithium products has announced that it has paved the way for a major expansion at the world’s largest hard rock lithium mine.
Tianqi Lithium, through its subsidiary Talison Lithium, has announced that has agreed to a A$516 million ($382 million) expansion of the Greenbushes mine in Western Australia.
The expansion would create a significant increase to the operation’s production capacity to 1.8 million tonnes of chemical grade lithium concentrate.
Through the construction of a new lithium concentrate plant, able to produce 520, 000 tonnes of chemical grade lithium per year, Talison will increase the overall production capacity at the Greenbushes mine by 608,000 tonnes to 1.95 million tonnes of a year.
This would translate directly to around 260,000 tonnes of lithium carbonate equivalent.
Talison will aim to begin commissioning at the plant in 2020.
Located directly south and immediately adjacent to the town of Greenbushes in Western Australia, the Greenbushes pegmatite deposit is approximately 2,525 million years old.
Talison Lithium and its predecessor companies have been producing lithium from the Greenbushes Lithium Operations for over 25 years and the Greenbushes area is recognised as the longest continuously operated mining area in Western Australia.
https://www.miningglobal.com/operations/talison-lithium-expand-greenbushes-lithium-mine-516-million-project