That’s despite Tianqi Lithium Energy Australia’s plant being one of the few in the world producing lithium expected to be compliant with President Joe Biden’s new laws designed to break China’s stranglehold on the global battery supply chain.
The company is considering restarting work on a second production train, already part-built, that would double output by around 2025, Surendran said. Albemarle Corp, which produced its first battery-grade lithium in Western Australia in July, is expected to produce a similar amount. The text of the IRA itself isn’t clear whether Chinese ownership would disqualify a product from receiving the tax credits, said Daisy Jennings-Gray, a London-based senior price analyst with Benchmark Mineral Intelligence.
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