The lithium market has been in turmoil with over the last few years as demand from electric cars take off and global supply growth tries to keep up.
Junior miners are piling into the lithium market with competing new projects and the US state of Nevada is the emerging hotspot and where this year’s top three lithium projects are all located.
In a snapshot of the global project pipeline,data provides a ranking of the largest clay and hard rock projects in 2023, based on total reported lithium carbonate equivalent (LCE) resources and measured in million tonnes (mt).
These projects will add to already robust production growth with global output set to come close to 1 million tonnes this year ramping up to 1.5 million tonnes in 2025, double production levels in 2022.
#1 McDermitt
Development status: Prefeasibility // Geology: Sediment hosted
Topping the list is the McDermitt project, located on the Nevada-Oregon border in the US and owned by Jindalee Resources. The Australian miner this year to 21.5 mt LCE, up 65% from the 13.3 million tonnes reported last year.
#2 Thacker Pass
Development status: Construction // Geology: Sediment hosted
In second place is Lithium Americas’ Thacker Pass project in northwest Nevada with 19 mt LCE. The project was , but the US Interior Department in May to development after a federal judge rejected claims the project would cause unnecessary harm to the environment. This year General Motors in Lithium Americas to help it develop the project.
#3 Bonnie Claire
Development status: Preliminary economic assessment // Geology: Sediment hosted
Nevada Lithium Resources’s Bonnie Claire project Nevada’s Sarcobatus Valley slides fromto third place with 18.4 mt LCE.
#4 Manono
Development status: Feasibility // Geology: Pegamite
The Manono project in the Democratic Republic of Congo is in fourth place with a 16.4 mt resource. The majority owner, Australian miner AVZ Minerals, holds 75% of the asset, and with China’s Zijin over the purchase of a 15% stake.
#5 Tonopah Flats
Development status: Advanced exploration // Geology: Sediment hosted
American Battery Technology Co’s Tonopah Flats in Nevada is a newcomer to this year’s list, taking fifth place with 14.3 mt LCE. The Tonopah Flats project in Big Smoky Valley encompasses 517 unpatented lode claims covering approximately 10,340 acres, and of the mining lode claims.
#6 Sonora
Development status: Construction // Geology: Sediment hosted
Ganfeng Lithium’s Sonora in Mexico, the most advanced lithium project in the country, comes in number six with 8.8 mt LCE. Although Mexico last year, president Andres Manuel Lopez Obrador said his government with the company over lithium mining.
#7 Cinovec
Development status: Feasibility // Geology: Greisen
The Cinovec project in the Czech Republic, the largest hard rock lithium deposit in Europe, is in seventh place with 7.3 mt LCE. CEZ holds 51% and European Metal Holdings 49%. In January, the project was for the Czech Republic’s Usti region.
#8 Goulamina
Development status: Construction // Geology: Pegamite
The Goulamina project in Mali is in eighth place with 7.2 mt LCE. A 50/50 JV between Gangfeng Lithium and Leo Lithium, the companies are into expanding the combined production capacity of Goulamina Stages 1 and 2.
#9 Mount Holland – Earl Grey Lithium
Development status: Construction // Geology: Pegamite
Chilean miner SQM and Australia’s Wesfarmers joint venture, Mount Holland-Earl Grey Lithium in Western Australia, takes ninth place with a 7 mt resource.
#10 Jadar
Development status: Feasibility // Geology: Sediment hosted
Rio Tinto’s Jadar project in Serbia rounds out the list with a 6.4 mt resource. The world’s second largest miner faces local opposition for the project, but is and keen to reopen talks with the Serbian government after it revoked licenses in 2022 in response to protests sparked by environmental concerns.
More data is at .
