{"id":69429,"date":"2023-01-02T04:58:32","date_gmt":"2023-01-01T18:28:32","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=69429"},"modified":"2024-10-04T07:00:22","modified_gmt":"2024-10-03T21:30:22","slug":"nt-lithium-export-mb2774","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/nt-lithium-export-mb2774\/","title":{"rendered":"NT’s First Lithium Export Readying To Set Sail"},"content":{"rendered":"

\"Northern<\/p>\n

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. <\/p>\n

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<\/a> to the firm back in 2019. Construction at the Finniss Lithium Project<\/a> site, situated near Darwin, kicked off in October 2021 and the facility was officially opened in October 2022<\/a>.<\/p>\n

Crushing of lithium ore commenced on 9 November 2022 and the first load was trucked from the site a couple of days later. Core expected to be shipping lithium overseas by the end of 2022 and it will be pretty close to the mark.<\/p>\n

Loading of the first export shipment of product into the freighter Rossana<\/a> was under way on Friday – 15,000 dry metric tonnes (dmt) of 1.4% Li2<\/sub>O Direct Shipping Ore (DSO). This shipment was sold in early October to “several pre-screened participants” for US$ 951\/dmt; making the sale worth US$ 14,265,000 (around AUD$ 22.1 million at the time).<\/p>\n

NT “The Place To Be”<\/h2>\n

Beyond the bucks is the prestige associated with this shipment.<\/p>\n

\u201cThis a major milestone not only for Core Lithium, but for the renewable and critical minerals industry,” said<\/a> NT Chief Minister Natasha Fyles. “Today\u2019s achievement is proof the Northern Territory is the place to be when it comes to opportunities for a greener future and a stronger economy.\u201d<\/p><\/blockquote>\n

NT Minister for Mining and Industry Nicole Manison said the event was testament to the Territory’s logistics chains and infrastructure networks, with a port that is the gateway to Asia<\/a>.<\/p>\n

Electric Vehicles Powered By NT Lithium<\/h2>\n

The first load of lithium will be heading for Fangcheng, China; which is a shipping distance of around 3,300 nautical miles from Darwin. According to the NT Government, it will be used in the manufacture of batteries for electric vehicles<\/a> and renewable energy storage<\/a>.<\/p>\n

A report from KPMG in November indicated global production of lithium carbonate equivalent of around 550kt (kilotonnes – 550,000 tonnes), and that is forecast to rise to 1,000kt (1,000,000 tonnes) by 2024. It’s a lot of lithium, and it will all be needed given the pace of the battery energy storage revolution.<\/p>\n

There’s no shortage of takers for lithium from Core’s Northern Territory operation. In October last year, Core CEO Gareth Manderson noted the first four years of production from the Finniss Lithium Project was already secured with approximately 80% sold to offtake partners – among them, Ganfeng Lithium, Sichuan Yahua and Tesla.<\/p>\n

“Core has made good progress during 2022 to transition from a mine developer to lithium producer,” said Mr. Manderson<\/a> on Friday. “In 2023 we will continue this transition and the work required to build a quality operating business.”<\/p><\/blockquote>\n

The sale associated with this shipment has enabled Core to commission all logistics processes and put procedures in place between the Finniss mine site and Darwin Port in advance of the company commencing spodumene concentrate production in the first half of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":17,"featured_media":69430,"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-69429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nNT's First Lithium Export Readying To Set Sail<\/title>\n<meta name=\"description\" content=\"The first lithium product from Core Lithium\u2019s Finniss mine in the NT should soon be making 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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 to electric cars.\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":"Core's Finniss lithium mine - Northern Territory","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/core-finniss-lithium.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/core-finniss-lithium.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/core-finniss-lithium.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/core-finniss-lithium.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/10\/core-finniss-lithium.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":27335,"url":"https:\/\/www.solarquotes.com.au\/blog\/core-lithium-nt-mb0908\/","url_meta":{"origin":69429,"position":2},"title":"Core Scores NT Lithium Mining Lease","author":"Michael Bloch","date":"January 22, 2019","format":false,"excerpt":"South Australian headquartered Core Lithium says it is on its way to becoming the first lithium producer in the Northern Territory. Lithium is a key material in the production of batteries for electric vehicles and renewable energy storage applications such as solar batteries. Australia has significant lithium deposits, with most\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":"Core Lithium - Northern Territory","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/core-lithium-nt.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/core-lithium-nt.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/core-lithium-nt.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/core-lithium-nt.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/core-lithium-nt.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":69429,"position":3},"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":60948,"url":"https:\/\/www.solarquotes.com.au\/blog\/tesla-fake-lithium-mb2435\/","url_meta":{"origin":69429,"position":4},"title":"Fake Tesla Lithium Announcement Catches Out Unwary Investors","author":"Michael Bloch","date":"April 15, 2022","format":false,"excerpt":"It turns out you shouldn't believe everything you read on the internet - and not just some of the stuff Elon Musk actually says. Last week, Tesla boss Elon Musk tweeted: \"Price of lithium has gone to insane levels! Tesla might actually have to get into the mining & refining\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":"Tesla - Lithium Corporation fake news","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/lithium-tesla-fake.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/lithium-tesla-fake.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/lithium-tesla-fake.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/lithium-tesla-fake.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/lithium-tesla-fake.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":68745,"url":"https:\/\/www.solarquotes.com.au\/blog\/lithium-battery-safety-mb2748\/","url_meta":{"origin":69429,"position":5},"title":"ACCC Looking Into Lithium-Ion Battery Safety","author":"Michael Bloch","date":"December 12, 2022","format":false,"excerpt":"The Australian Competition and Consumer Commission (ACCC) is encouraging feedback on ways to reduce fire and safety risks relating to lithium-ion batteries; including those used in solar energy storage applications. Lithium-ion batteries are ubiquitous; appearing in everything from hand-held devices to solar energy storage and electric cars. Generally speaking, lithium-ion\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 ion battery safety","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/lithium-battery-safety.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/lithium-battery-safety.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/lithium-battery-safety.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/lithium-battery-safety.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/69429","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=69429"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/69429\/revisions"}],"predecessor-version":[{"id":87404,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/69429\/revisions\/87404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/69430"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=69429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=69429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=69429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}