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Lithium Australia NL

Lithium Australia's proprietary processes contributing to energy security internationally

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin updates Proactive Investors on the company's work to produce cathode powders, and discusses the formation of an Australian Battery Consortium.

Griffin says, "I think in the 12 months to come, Western Australia will eclipse the rest of the world in terms of production of lithium units. That will primarily be spodumene concentrates... beyond spodumene concentrates, we were looking at downstream processing and incidentally, the capacity that will be installed [in the state] in terms of production of hydroxide will be the largest capacity installed anywhere in the world."

He continues, "We have got a very bright outlook for lithium production in this state. From [Lithium Australia's] point of view, we've been looking at going downstream a little further than that and producing cathode powders, which are, we believe, the highest value add sector of the battery production chain."

Quick facts: Lithium Australia NL

Price: $0.05

Market: ASX
Market Cap: $24.58 m
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