Thailand’s Lithium Discovery: A Step Towards Becoming a Regional EV Hub

Thailand's recent discovery of approximately 15 million tons of lithium deposits marks a significant development in the country's ambition to become a key player in the electric vehicle (EV) sector in Asia. This announcement, made by the government, highlights the potential of Thailand to emerge as a notable lithium producer.

Key Details of the Discovery

• Location and Volume: The lithium reserves, estimated at 14.8 million tons, are located in two deposits in the southern province of Phang Nga.
• Commercial Viability Assessment: Authorities are currently assessing the extent to which these resources can be commercially exploited, a process that is expected to take time.

Lithium's Strategic Importance

• Usage in EV Batteries: Lithium is a critical component in the manufacture of batteries for electric vehicles, as well as for smartphones and other electronic devices.
• Role in Energy Transition: The metal is increasingly vital in the global shift towards renewable energy and sustainable transportation solutions.

Thailand's EV Industry Ambitions

• Regional Production Center: Under the leadership of Prime Minister Srettha Thavisin, who assumed office in August last year, Thailand aims to leverage its experience in the combustion car industry to become a regional hub for electric car production.
• Government Prioritization: The discovery of lithium aligns with the government's prioritization of the EV sector as part of the country's economic development strategy.