Lithium Australia NL (ASX:LIT, OTC:LMMFF)’s Adrian Griffin discusses the need for domestic mineral supply chains given current geo-political volatility and market pressures. Griffin believes the days of a globalised shipping supply chain are over, and more simplified production chains will be necessary to service future demand.
A huge amount of battery materials are sourced from China, including Lithium-iron-phosphate for lithium-iron batteries. Lithium Australia is well placed to serve emerging markets with these battery mineral products, which it believes are of superior quality and performance. The company already has a presence in eight countries and is looking to fully commercialise.