SMM Sept. 2: IGO disclosed on the Australian Stock Exchange on Aug. 23 that Tianqi Lithium produced the first lithium hydroxide products during a hot test run at its lithium hydroxide refinery in Quinana, Western Australia.
It is reported that the first phase of Tianqi Lithium Industry's "24000 tons of battery-grade lithium hydroxide monohydrate project" was approved in 2016 and originally planned to be completed and put into production in 2018. However, after completion and commissioning, it has not been formally put into production because the production targets have not been met for a long time. In October 2019, Tianqi Lithium raised its investment in the project from the original budget of A $400m to A $770 million, and in February 2020, after a long period of debugging, Tianqi Lithium announced that it would slow down the pace of the project.
The birth of the first batch of lithium hydroxide undoubtedly does not indicate that the debugging of the project has finally made substantial progress. And it is worth mentioning that Tianqi Lithium Industry said on September 1st that the commissioning work of the first phase of the "24000 tons of battery-grade lithium hydroxide monohydrate project" in Quinana, Australia, is progressing smoothly according to the established plan, and will strive to reach the state that the factory will be in trial operation and production and can sell products by the end of 2021.
In addition, with regard to the capacity release of Tereson lithium concentrate, Tianqi Lithium Industry revealed that at present, Terlison lithium concentrate can be about 1.34 million tons / year, chemical grade lithium concentrate is about 1.2 million tons / year, and technical grade lithium concentrate is about 140000 tons / year. As early as June 2021, Winfield's board of directors decided to advance the trial operation of Terrison's third phase of the 600000 tons of chemical-grade lithium concentrate expansion plan from 2025 to 2024. At that time, the Terlison lithium concentrate will be able to reach 1.94 million tons per year.
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