Thailand Wants to Produce Lithium

Thailand would have a unique advantage over other major producers of the metal if it were to establish mines for lithium because it is also creating an industry for the production of electric vehicles. Chinese automakers have already committed to investing $1.44 billion in Thailand’s automotive sector. For the Reung Kiet project, the Australian business Miner Pan Asia Metals is getting ready to apply for mining permits in March. The Phang-Nga region of the nation is the site of the project. The projected Bang I Tum mine may also be on the land. Paul Lock, the leader of Pan Asia, told Reuters that the company is “optimistic” about beginning production of lithium chemicals at Reung Kiet by the beginning of 2026.

 

The Reung Kiet site has the potential to generate around 164,500 tonnes of the metal, according to the Department of Primary Industries and Mines (DPIM) of Thailand. According to DPIM Director General Aditad Vasinonta, that would be sufficient to generate at least one million EV batteries with a capacity of 50 kilowatt hours. In around two years, the source indicated, mining might start there. Furthermore, Bang I Tum’s mineral resources might be 10–70% greater than Reung Kiet, according to Paul Lock of Pan Asia. The amount of lithium that is accessible in Thailand is unknown to experts. China, Argentina, Chile, and Australia are the metal’s main sources.

 

The Secretary General of the Thailand Board of Investment is Narit Therdsteerasukdi. According to him, the government has invested a total of $659.4 million in 38 battery production projects, including those for electric vehicle use. Our objective is to make Thailand the center of the region’s battery production—both for electric vehicles and energy storage devices,” he stated. An prominent focus of activity for a region of the world is known as a regional hub. Additionally, the Thai government is pushing for the exploration of additional lithium-rich areas. According to Aditad, this involves modifying the legislation to allow private enterprises to examine agricultural areas.

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