Pilbara won't 'blindly expand' lithium output
Pilbara Minerals boss Ken Brinsden says the company will tailor its growth plans to match lithium demand
9th August 2019
Resources Rising Stars
Pilbara Minerals boss Ken Brinsden says the company will tailor its growth plans to match lithium demand (reports MiningNews).
An oversupply situation has emerged in the spodumene sector, and Pilbara's Pilgangoora mine in the Pilbara hasn't been immune.
Brinsden told reporters at Diggers & Dealers that while chemical converters couldn't ramp up soon enough, changing battery chemistries meant China had fallen behind.
"They tinkered with the industry to try and incentivise new technology in lithium-ion batteries," he said.
"The problem with that is the industry really wasn't ready for it so we're going through a period of almost like rebalancing.
"The good news is it probably had to happen for China to continue to move forward with their battery technology. But it's upset the market - there's no two ways about that.
"But as to it creating the right future for China and demand growth, I'd say yep, absolutely, and it's probably been a move that's worth making, albeit painful in the process."
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