{"id":66396,"date":"2022-10-11T06:19:28","date_gmt":"2022-10-10T19:49:28","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=66396"},"modified":"2022-10-11T06:20:59","modified_gmt":"2022-10-10T19:50:59","slug":"core-finniss-lithium-mb2669","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/core-finniss-lithium-mb2669\/","title":{"rendered":"NT’s First Operational Lithium Mine Opened"},"content":{"rendered":"

\"Core's<\/p>\n

The first lithium mine in production in the Northern Territory and Australia\u2019s only lithium mine outside WA was officially opened yesterday.<\/p>\n

As the world shifts to renewable energy, huge quantities of lithium will be needed for the production of energy storage solutions – everything from home batteries<\/a> to electric cars<\/a>.<\/p>\n

Australia is currently the biggest lithium exporter in the world<\/a> and will continue to have a leading role in supply. Global demand for lithium carbonate equivalent (LCE) is expected to reach 1,058,000 tonnes by 2024, and Australia should meet around 469,000 tonnes of that demand.<\/p>\n

One of the projects to play its part is Core Lithium’s Finniss mine<\/a> in the Northern Territory, which is situated just 88 kilometre by sealed road from Darwin Port. Finniss boasts JORC 2012 compliant1<\/a><\/sup> mineral resources of 15 million tonnes at 1.3% lithium oxide (Li20).<\/p>\n

Yesterday, the Finniss mine was formally opened by NT Minister for Mining and Industry Nicole Manison.<\/p>\n

“Our abundance of mineral resources, and a port that is the gateway to Asia, make the Northern Territory the perfect location for game changing projects like this,” said Minister Manison<\/a>. “Lithium is the way of the future both for cleaner energy and the Territory economy.”<\/p><\/blockquote>\n

According to Core, Finniss is on track to export Direct Shipping Ore (DSO) lithium by the end of this year and will reach commercial production of spodumene (a lithium aluminium silicate mineral) concentrate in the first half of next year.<\/p>\n

\u201cCore is bringing production online at a time of high lithium prices, strong global demand and constrained supply,” said<\/a> Core CEO Gareth Manderson. ” The Core team has done a fantastic job quickly transitioning from discovery and exploration to construction and shortly supply of high-grade lithium concentrate to a global market in just six years.\u201d<\/p><\/blockquote>\n

Helping things along in the final stretch and for a couple of years to come was Core securing major project status<\/a> (MPS) for Finniss from the Federal Government in February last year.<\/p>\n

No Shortage Of Lithium Customers For Core<\/h2>\n

Buyers are already lined up for output from Finniss, with 80% of the first four years of production from the mine already spoken for.<\/p>\n

Among the buyers is China\u2019s Sichuan Yahua Industrial Group, which has committed to 75,000 tonnes per annum over an initial four-year period and with options to extend.\u00a0 It is expected lithium from Finniss will be a key source of the raw material for Yahua to supply battery-grade lithium hydroxide to EV manufacturer Tesla under a contract the company inked in last year. And on that note, Core entered into a legally binding term sheet with Tesla for the supply of up to 110,000 tonnes of spodumene concentrate over a term of 4 years in March this year.<\/p>\n

Another buyer with dibs on Finniss lithium is Jiangxi Ganfeng Lithium Co., Ltd, which has signed up for the supply of 75,000 tonnes of spodumene concentrate per annum over 4 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

The first lithium mine in production in the Northern Territory and Australia\u2019s only lithium mine outside WA was officially opened yesterday.<\/p>\n","protected":false},"author":17,"featured_media":66397,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-66396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nNT's First Operational Lithium Mine Opened - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"The first lithium mine in production in the Northern Territory and Australia\u2019s only lithium mine outside WA was officially opened yesterday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/core-finniss-lithium-mb2669\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NT's First Operational Lithium Mine Opened\" \/>\n<meta property=\"og:description\" content=\"The first lithium mine in production in the Northern Territory and Australia\u2019s only lithium mine outside WA was officially opened yesterday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/core-finniss-lithium-mb2669\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-10T19:49:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-10T19:50:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/core-finniss-lithium.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/core-finniss-lithium-mb2669\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/core-finniss-lithium-mb2669\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"NT’s First Operational Lithium Mine Opened\",\"datePublished\":\"2022-10-10T19:49:28+00:00\",\"dateModified\":\"2022-10-10T19:50:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/core-finniss-lithium-mb2669\\\/\"},\"wordCount\":510,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/core-finniss-lithium-mb2669\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/core-finniss-lithium.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/core-finniss-lithium-mb2669\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/core-finniss-lithium-mb2669\\\/\",\"url\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/core-finniss-lithium-mb2669\\\/\",\"name\":\"NT's First Operational Lithium Mine Opened - 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Around three-quarters of the world's lithium consumption is dedicated to rechargeable batteries used in everything from\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Australian lithium industry outlook","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/lithium-australia-outlook.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/lithium-australia-outlook.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/lithium-australia-outlook.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/lithium-australia-outlook.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/lithium-australia-outlook.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":73165,"url":"https:\/\/www.solarquotes.com.au\/blog\/australian-lithium-exports-forecast-mb2884\/","url_meta":{"origin":66396,"position":1},"title":"Lots Of Love For Australian Lithium","author":"Michael Bloch","date":"April 4, 2023","format":false,"excerpt":"Australia already mines a shedload of an important lithium-rich mineral, and looks set to be digging up much more over the next few years. Lithium demand is continuing to grow rapidly, primarily driven by surging demand for electric vehicle (EV) batteries and other energy storage applications such as home batteries.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Australian lithium forecast","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/lithium-forecast-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/lithium-forecast-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/lithium-forecast-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/lithium-forecast-australia.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/lithium-forecast-australia.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":69429,"url":"https:\/\/www.solarquotes.com.au\/blog\/nt-lithium-export-mb2774\/","url_meta":{"origin":66396,"position":2},"title":"NT’s First Lithium Export Readying To Set Sail","author":"Michael Bloch","date":"January 2, 2023","format":false,"excerpt":"The first lithium product from Core Lithium\u2019s Finniss mine in the Northern Territory should soon be making its way into EV and other batteries. Adelaide headquartered Core Lithium became the first producer in the Northern Territory after the NT Government awarded the Territory's first-ever lithium mineral lease to the firm\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Northern Territory's first lithium export","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/01\/lithium-export-nt.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/01\/lithium-export-nt.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/01\/lithium-export-nt.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/01\/lithium-export-nt.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/01\/lithium-export-nt.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":26977,"url":"https:\/\/www.solarquotes.com.au\/blog\/lithium-hydroxide-wa-mb0891\/","url_meta":{"origin":66396,"position":3},"title":"Site Works Start On WA Lithium Hydroxide Plant","author":"Michael Bloch","date":"January 9, 2019","format":false,"excerpt":"U.S. headquartered Albemarle Corporation has commenced site works associated with the construction of a lithium hydroxide manufacturing plant in the Kemerton Strategic Industrial Area, Western Australia. The plant is to be constructed on an 89 hectare site and will process spodumene ore concentrate sourced from the Talison Lithium Greenbushes operations,\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Lithium mining in Western Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/lithium-mining-wa.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/lithium-mining-wa.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/lithium-mining-wa.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/lithium-mining-wa.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":57808,"url":"https:\/\/www.solarquotes.com.au\/blog\/liontown-lg-lithium-mb2314\/","url_meta":{"origin":66396,"position":4},"title":"LG Energy Solution Inks Deal With Australian Lithium Player","author":"Michael Bloch","date":"January 13, 2022","format":false,"excerpt":"Australia's Liontown Resources Limited says it has executed its first binding offtake term sheet for its flagship Kathleen Valley Lithium Project in Western Australia with LG Energy Solution. The Kathleen Valley Lithium Project, a lithium-tantalum mining and processing venture, is located approximately 680km north-east of Perth and 400km north of\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Liontown Kathleen Valley Lithium Project","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/liontown-lithium-lg.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/liontown-lithium-lg.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/liontown-lithium-lg.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/liontown-lithium-lg.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/liontown-lithium-lg.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":58995,"url":"https:\/\/www.solarquotes.com.au\/blog\/lithium-tesla-liontown-mb2359\/","url_meta":{"origin":66396,"position":5},"title":"Tesla Taps Australia’s Liontown For Lithium Supply","author":"Michael Bloch","date":"February 17, 2022","format":false,"excerpt":"Tesla has joined LG Energy Solution in jumping on board the lithium train to Australia's Liontown. Liontown's flagship venture is its Kathleen Valley Lithium Project in Western Australia's North-eastern Goldfields. While it isn't producing yet, the project has attracted a fair bit of attention from manufacturers jostling to secure lithium\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Liontown's Tesla lithium deal","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/liontown-lithium-tesla.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/liontown-lithium-tesla.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/liontown-lithium-tesla.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/liontown-lithium-tesla.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/02\/liontown-lithium-tesla.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/66396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=66396"}],"version-history":[{"count":1,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/66396\/revisions"}],"predecessor-version":[{"id":66398,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/66396\/revisions\/66398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/66397"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=66396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=66396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=66396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}