Canada lithium mine to start production in late 2012 - CEO

21 December 2010 20:00  [Source: ICIS news]

TORONTO (ICIS)--Canada Lithium Corp plans to start producing 20,000 tonnes/year of lithium carbonate at its mining project in Quebec province by the end of 2012, its chief executive said on Tuesday.

Canada Lithium’s mine near Val d'Or, about 500km (311 miles) northwest of Montreal, was currently under development, CEO Peter Secker said.

When operational, the mine would account for about 12% of the global market, making the company the largest producer in North America, Secker said a briefing on Canadian business television.

The expected lifespan of the mine was in excess of 50 years, he added.

The mine’s lithium would be primarily aimed at the global battery market for electric vehicles in Asia, North America and Europe, he said.

Secker said the main global lithium suppliers included US chemical companies Rockwood and FMC, as well as Chile’s Sociedad Quimica y Minera de Chile (SQM). Canada’s PotashCorp is a stakeholder in SQM.

In related news, Germany’s Sud-Chemie announced earlier this year a lithium iron phosphate project in Quebec province.

For more on FMC and other producers visit ICIS company intelligence
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By: Stefan Baumgarten
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