Chinese thirst for lithium sparks Australia's mining industry

Ambitious Chinese battery production plans have sent Australian lithium extraction into overdrive. The world's largest lithium mine is about to double its production capacity.

Photo: /ritzau/AP/Petr David Josek

A thirst for lithium among the world's largest battery players has boosted Australia's USD 90 billion mining industry, which is battling to keep up with demand and constantly increasing expansion, reports Bloomberg.

Australia is the world's largest manufacturer of lithium, and increasing demand from China in particular has prompted Australian miners to increase activity. Chinese consumers use the mineral in the production of lithium-ion batteries for electric cars and major energy storage facilities under construction.

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