Will Lithium Discovery in Thailand be A Game-Changer for EV Production?
Thailand’s recent discovery of almost 15 million tonnes of lithium deposits has positioned the country as a potential regional leader in electric vehicle (EV) production. Ranking third globally, behind only Bolivia and Argentina, this breakthrough is significant. However, the commercial viability of this lithium remains uncertain and requires further exploration.
These vast reserves are located in two locations in Phang Nga province. While the quantity is substantial, extracting a usable amount will necessitate more time and research.
Lithium is a critical component in batteries used in electric cars, smartphones, and other electronics. Thailand, under Prime Minister Srettha Thavisin’s leadership, is determined to become a regional EV production hub. Thailand’s intention is to capitalize on its history of conventional automobile manufacturing.
During prominent events like the World Economic Forum meeting in Davos, Prime Minister Srettha actively sought investment from industry leaders, such as Bosch’s deputy chairman. The discovery of lithium reserves in December 2023 further reinforces Thailand’s EV ambitions.
However, there has been some confusion about the nature of the discovery. The Department of Primary Industries and Mines clarified that the deposits contain lepidolite and not pure lithium. Technically, lepidolite contains a lithium content of about 0.45%. Though modest, this percentage is sufficient for commercial use in battery production for EVs.
Clarification on Thailand’s Lithium Discovery
Lepidolite, a rare, mineral, is typically pink, red, or purple. It serves as a minor source of lithium, sometimes yielding rubidium and caesium as by-products. Furthermore, the potential for finding more lithium deposits in Thailand through additional exploration remains plausible.
Currently, Thailand has granted concessions for lithium exploration in three Phang Nga locations. Moreover, Thailand is pending exploration permit applications in Ratchaburi and Yala provinces. The Department of Primary Industries and Mines has committed to accelerating these exploration efforts to align with the government’s vision of developing Thailand as a regional hub for battery and EV production.
In conclusion, Thailand’s discovery of substantial lithium resources, although not in its pure form, presents a promising opportunity for the country’s EV industry. Despite initial confusion, the potential for commercial lithium-ion battery production and Thailand’s role in the global EV market remain substantial.