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Thailand aims to begin producing lithium from a mine in its southwest in about two years, enhancing its ambitions to become a regional electric vehicle (EV) production hub, according to government and company officials involved in the project.
The silvery-white element is a crucial metal for EV batteries and establishing lithium mines would put Thailand in a unique position compared to other major producers because it is also building an EV production industry, including $1.44 billion in investment commitments from Chinese carmakers. Pan Asia's Chairman and Managing Director Paul Lock said that the company is "optimistic" about starting lithium chemical production from Reung Kiet by early 2026.
Thailand's Department of Primary Industries and Mines (DPIM) projects that the Reung Kiet site could produce about 164,500 metric tonnes of lithium carbonate, used in lithium iron phosphate batteries for EVs. The Reung Kiet resource could translate into enough lithium for at least 1 million EV batteries of 50 kilowatt-hour capacity, the DPIM's Director General Aditad Vasinonta said, adding that mining could begin there in about two years.
The mineral resources at Bang I Tum may be 10%-70% larger than Reung Kiet, according to Pan Asia's Lock."The potential for growth through further exploration is significant. This positions Thailand as an emerging player in the lithium market, aligning well with its ambitions to become a regional hub for electric vehicles," said Lock.
The potential timeline for mining at Reung Kiet and details of the Bang I Tum resource have not been previously reported. The total lithium resources in Thailand, and the amount that could be viably mined, is still unclear. Australia, Argentina, Chile and China are among the world's major lithium suppliers.
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