Currently, Australia and Chile are the two leading producers of lithium, respectively accounting for 46.3 percent and 23.9 percent of worldwide production. Both countries are jurisdictionally inclined to support the mining sector. However, Chile's potential could one day see it outstrip even Australia where investment is concerned.
News - 5 Biggest Australian Lithium Companies in 2022 (investingnews.com.au)
Yes MIN $46.28 & IGO $9.83 are good with Revenue and some profit there @Bear77 A huge price pull-back - redistribution going on. So opportunity for the investor with some cash.
The Aussie listed spodumene producers:
LTR - $1.00ps - Time line to expected production: Q2 2024 PowerPoint Presentation (markitdigital.com)
AKE - $10.25ps - Producing Current estimated annual spodumene production for FY22 is anticipated to fall marginally short of guidance by approximately 2-4%, at between 192,000 - 196,000 dmt, due to production delays-
AKE - 2924-02528684-2A1377578 (markitdigital.com)
CXO - $0.93ps - Darwin N.T. Production expected CY2022 - 2924-02533508-6A1096406 (markitdigital.com)
PLS - $2.24 - Producing FY2022 between 373 - 377,000dmt - 2924-02536250-6A1097491 (markitdigital.com)
SYA - $0.155ps - Production commences First half 2023 - 2924-02536118-6A1097426 (markitdigital.com)
PLL $0.52ps - Various projects - Construction Clean Energy in the USA (markitdigital.com)
03-July-2022: Saw your straw about Spodumene producers @raymon68 - Don't forget MIN (Mineral Resources) and Wodgina which they have previously described as the largest known hard rock lithium deposit in the world. Their website now describes Wodgina as "one of the largest known hard rock lithium deposits in the world". They are currently getting Wodgina back into production. MIN also own Mt Marion and they describe it as another of the largest known hard rock lithium mines in the world.
MIN own 100% of Mt Marion and 40% of Wodgina. They are the operators at both mines. Neither are currently in production but both are scheduled to be producing spodumene by the end of this calendar year. On 1 November 2019, Mineral Resources completed the transaction with Albemarle for the partial sale of the Wodgina Lithium Project and established the MARBL joint venture, with Mineral Resources holding a 40% interest and Albemarle holding a 60% interest. As part of the transaction, Mineral Resources received a 40% interest in two 25ktpa lithium hydroxide modules in Kemerton, Western Australia, which are currently under construction.
Mt Marion [Source: https://www.mineralresources.com.au/our-business/commodities/lithium/mt-marion-lithium/]
Wodgina [Source: https://www.mineralresources.com.au/our-business/commodities/lithium/wodgina-lithium-project-upgrade/]
Source: https://www.mineralresources.com.au/our-business/commodities/lithium/
Also - IGO is into Lithium - see here: https://www.igo.com.au/site/operations/lithium-holdco-joint-venture
IGO own 49% of their Lithium JV with Tianqi Lithium Corporation. Both IGO and MIN have a successful track record of profitable production of other commodities (iron ore and other minerals /metals for MIN, nickel, copper, zinc and other metals/minerals for IGO) so I'm prepared to back both of those companies ahead of newer players with no track record. IGO and MIN are also both into vertical integration and value adding through part ownership of lithium hydroxide refineries.
The Kwinana Lithium Hydroxide refinery that is 49% owned by IGO [source: Operations | IGO Limited - Making A Difference or https://www.igo.com.au/site/operations/lithium-holdco-joint-venture]
The Kemerton Lithium Hydroxide refinery, currently under construction, 40% owned by MIN, August 2020 [source: https://thewest.com.au/business/mining/albemarle-seeks-300-workers-for-kemerton-lithium-hydroxide-plant-despite-weak-market-ng-b881649439z]
See also: https://www.albemarle.com/blog/an-insiders-view-the-kemerton-lithium-hydroxide-processing-plant--
Disclosure: I hold MIN shares, and MIN is my only Lithium exposure at this point. I have also held IGO shares, but do not own them currently.