Tianqi injects $382 million into Greenbushes lithium mine to expand it

Tianqi Lithium is investing an extra A$516 million ($382 million) to increase lithium production at its Greenbushes mine in Western Australia, the world's largest hard rock lithium operation, as demand for the key ingredient to build batteries that power electric picks up.

Project operator Talison Lithium, a joint venture between Tianqi and Albemarle Corp, said the works is expected to begin in the first quarter next year.

The investment involves the construction of a new concentrator plant at the mine, which Talison said would be capable of producing 520,000 tonnes a year of chemical-grade lithium concentrate. The new facility is expected to be commissioned in the last quarter of 2020.

More to come…

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