Australian and Chilean lithium giant to develop lithium processing plant

The Australian company Kidman Resources Lithium said Friday it will work with its Chilean joint venture partner, SQM Lithium, to develop a lithium processing plant in the Kwinana region of Western Australia.

Kidman Resources said in a paper presented to the Australian Stock Exchange that the joint venture is called "Western lithium industry."

The firm is expected to make a formal investment decision by the end of the year after completing the final feasibility study of its project but has not yet disclosed the amount of the investment.

The nameplate capacity of Western Australian lithium batteries is approximately 44,000 tons of lithium hydroxide or 37,000 tons of lithium carbonate. The plant is expected to start construction next year and will be put into operation in 2021.

The Kwinana region will soon become a hotbed for global battery chemicals manufacturers. The Western Australian government also welcomed the project and has allocated approximately $4.1 million to fund battery technology development in the state.

In addition, the world's largest lithium processing equipment operated by the Chinese Tianqi lithium industry is also expected to be put into production later next year, with a production capacity of about 48000 tons per year of high-grade lithium hydroxide

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