(Reuters) – Rio Tinto remains in talk with get lithium manufacturer Arcadium Lithium, going after an offer that might make the Anglo-Australian miner the third-largest manufacturer of the electric-vehicle battery steel.
Rio’s Rincon job in Argentina is because of begin creating later on this year, while its Jadar job in Serbia might take a minimum of 2 years to safeguard all the required authorizations.
There is an assumption for even more bargains amongst lithium manufacturers as long-lasting potential customers for EV need stay favorable in spite of numerous international car manufacturers reducing their targets in the short-term.
Below is a checklist of the leading lithium manufacturers on the planet:
1. Albermale
Albemarle is the globe’s biggest lithium manufacturer, with a market cap of regarding $12 billion. It runs the only creating lithium mine in North America, and likewise has procedures in Chile and Western Australia.
It holds joint endeavors in Australia with Mineral Resources at the Wodgina mine and with Tianqi Lithium at the Greenbushes mine.
In 2023, it generated 39,000 lots of lithium steel.
2. Sociedad Qu ímica y Minera de Chile
Chile’s SQM is the second-largest lithium manufacturer, with a market cap of $11.43 billion. China’s Tianqi Lithium has regarding a fifth of the business.
SQM in 2015 generated around 165,500 lots of lithium hydroxide and lithium carbonate, according to its yearly record.
3. Ganfeng Lithium
China’s Ganfeng Lithium has a market cap of $9.37 billion. It likewise has a 6.16% risk inAustralia’s Pilbara Minerals It has procedures in Western Australia, Argentina, Mexico and China.
4. Tianqi Lithium
Tianqi Lithium, which has a market cap of $8.11 billion, has procedures in Australia, Chile and China.
5. Mineral Resources
Australia’s Mineral Resources has a market cap of $7.12 billion and is the globe’s greatest miner of hardrock spodumene. It holds risks in numerous programmers such as Global Lithium, Delta Lithium and Wildcat Resources.
Per in 2015’s yearly record, the business delivered 847,000 completely dry statistics bunches (dmt) of spodumene concentrate.
6. Pilbara Minerals
Pilbara Minerals has a market cap of $6.34 billion and runs the Pilgangoora mine inWestern Australia In August, it made a A$ 559.9 million ($ 378.21 million) quote for smaller sized peer Latin Resources to get to its Brazilian procedures.
In 2023, it generated 620,147 dmt of overall spodumene concentrate.
7. Arcadium Lithium
Arcadium Lithium has a market cap of $3.31 billion and was created by the merging of Allkem and Livent onJan 4, 2024. It has mining possessions in Argentina and Australia, and downstream conversion possessions in the united state, China, Japan and UK.
As of 2023, both the firms with each other generated around 29,661 lots of lithium carbonate, and Allkem alone generated 239,312 dmt of spodumene concentrate.
8. Liontown Resources
Liontown Resources has a market cap of $1.45 billion, and runs in Western Australia.
In September, it delivered its initial lithium result of 11,855 damp statistics lots of spodumene concentrate.
($ 1 = 1.4804 Australian bucks)
(Reporting by Seher Dareen and Tanay Dhumal in Bengaluru; Editing by Sriraj Kalluvila)
