Phangnga’s lithium deposits eyed for Thailand’s EV manufacturing ambitions

[webfact]

 

Phangnga’s rich lithium deposits were the focal point of a House Committee on Industry visit on Sunday, as the government looks to establish the area as a global lithium source. The move aligns with the government’s strategy to make Thailand an electronic vehicle (EV) manufacturing hub.

 

Akkaradech Wongpitakroj, chairman of the House committee and United Thai Nations MP for Ratchaburi, led the delegation to the southern province. The visit included a progress report update from Phangnga governor Supoj Rodruang Na Nongkhai and a trip to the Ruangkiat lithium deposit in tambon Ka Lai. Here, they met with Wichat Trairat, the chief of the Tambon Ka Lai Administrative Organisation.

 

The Ruangkiat deposit, one of three new sites verified by the Department of Primary Industries and Mines in January, is estimated to hold at least 14.8 million tonnes of lithium (with 0.45% lithium oxide content). This site alone could potentially power at least one million EVs, assuming each vehicle uses a 50 kWh lithium battery, according to an earlier report.

Akkaradech highlighted the significance of lithium manufacture in the province for the government’s EV policy, given that lithium is a key component in battery production. He also revealed that the committee is planning to engage in discussions with the Industry Ministry about legal overlaps that have hindered some producers’ mineral exploration licenses renewal this year.

Despite the province’s potential as a lithium production hub, there have been concerns raised by the local community and groups about the possible impact of exploration on their communities and tourist sites. In response, Akkaradech assured that the committee plans to consult all stakeholders while addressing the potential consequences of fast-growing lithium mining operations in future meetings. He acknowledged the potential environmental implications, stressing the importance of careful consideration and planning, reported Bangkok Post.

 

In related news, Thailand experienced a surge in electric vehicle (EV) sales, driven by government incentives and market confidence, despite Apple’s withdrawal from EV manufacturing. Growth trajectory expected to continue.

 

by Mitch Connor

Top Photo courtesy of iStock

 

Full story: The Thaiger 2024-03-11

 

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[kwonitoy]

I made a boatload of money on Aus lithium stocks last year

It's really not that rare of a mineral and requires a ton of processing to get to a battery grade end product

0.45% grade of lithium won't get any interest in the rest of the world, but of course in Thailand, it's a new hub

[retarius]

EV the Edsel of the 2000s. Look it up.

[freeworld]

Article from the The Strats Times in Jan 2024

 

''Thai government clarifies on lithium discovery after experts debunk claims''

 

https://www.straitstimes.com/asia/se-asia/thai-government-clarifies-on-lithium-discovery-after-experts-debunk-claims

[hotchilli]

5 hours ago, webfact said:

Phangnga’s rich lithium deposits were the focal point of a House Committee on Industry visit on Sunday, as the government looks to establish the area as a global lithium source. The move aligns with the government’s strategy to make Thailand an electronic vehicle (EV) manufacturing hub.

Excellent news, they can dig up and sell all the deposits then turn the hole into a land fill site.

Edited March 11 by hotchilli

[PETERTHEEATER]

14 hours ago, webfact said:

.........estimated to hold at least 14.8 million tonnes of lithium (with 0.45% lithium oxide content)......

An immediate contradiction.🙄