Thailand is poised to enter the lithium market with plans to commence production within two years, aiming to bolster its burgeoning electric vehicle (EV) sector. This strategic move involves the development of a lithium mine in the southwest region, marking a significant step for the nation in becoming a regional EV production hub.
The focus of this ambitious endeavor is the Reung Kiet project in Phang-Nga province, which is being spearheaded by Pan Asia Metals. The company is gearing up to apply for mining licenses in March, with the hope of initiating lithium chemical production by early 2026. This project, which also encompasses the Bang I Tum site, is anticipated to significantly contribute to Thailand’s lithium carbonate supply, a crucial component in EV batteries.
Thailand’s Department of Primary Industries and Mines (DPIM) projects that the Reung Kiet site alone could yield approximately 164,500 metric tons of lithium carbonate. This output could potentially power over 1 million EV batteries, highlighting the project’s capacity to significantly impact the EV industry. The exploration efforts at Bang I Tum could further enhance this potential, with estimates suggesting its mineral resources might exceed those of Reung Kiet by 10%-70%.
Thailand’s venture into lithium production aligns with its broader aspirations to establish itself as a regional hub for EVs. The nation, already a leading automotive manufacturer in Southeast Asia, aims to transition 30% of its vehicle production to EVs by 2030. This initiative is supported by significant investments in battery production projects, underscoring Thailand’s commitment to the EV sector.
To facilitate lithium exploration and production, Thailand is revising regulations to allow private entities, including foreign companies like Australia’s Matsa Resources, to conduct studies on agricultural land. This regulatory shift is expected to expedite the exploration process and attract further international collaboration, particularly with Chinese firms experienced in lithium processing from lepidolite minerals. 
