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Phil Thick is heading one of the state’s most significant resources projects. Photo: Attila Csaszar

Lithium projects progress ahead of $4bn sales surge

Chinese company Tianqi Lithium could soon secure its place among the state’s top 20 biggest exporters, and in the process lead a surge in the value of annual lithium sales to $4.6 billion by the end of the decade, according to Business News’ research.

Tianqi is building a $400 million processing facility in Kwinana to produce lithium hydroxide, used in batteries, with output expected to be 24,000 tonnes per annum.

With the going price for lithium hydroxide close to $US15,000/t, Tianqi would be exporting about $480 million annually, roughly the same value as nickel producer Sandfire Resources.

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