Thailand faces opportunities and challenges in the lithium industry

Thailand has discovered lithium resources but faces challenges such as low financial returns, environmental concerns, and competition in the APAC market. Government support and financial incentives may make lithium mining in Thailand more attractive.

Key Takeaways

• The demand for lithium is rapidly increasing due to the growth of the global electric vehicle and clean energy storage markets, with an estimated requirement of 3.5 million tons by 2030.
• Despite the high demand, an excess supply of lithium has led to a significant drop in prices, reaching as low as $13,000 per ton by the end of 2023, and is expected to remain at low levels through 2026.
• Thailand faces opportunities and challenges in the lithium industry, with the discovery of significant reserves but also concerns about the financial viability of mining and processing, environmental impact, and competition in the APAC…