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Lithium Miner’s Woes May Exacerbate Strain in EV Supply Chain

  • Pilbara Minerals cuts forecast for shipments in fiscal 2022
  • Lithium prices have tripled this year on surging EV demand
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Pilbara Minerals Ltd., one of Australia’s top lithium miners, slashed its forecast for shipments, further exacerbating tight supply for the key ingredient in electric-vehicle batteries. 

The Perth-based company cited a raft of issues -- from delays in commissioning and ramping up more processing capacity, to unplanned shutdowns and skilled worker shortages -- in lowering its guidance for spodumene concentrate shipments to between 380,000 and 440,000 tons in the year ending June 30, from 440,000 to 490,000 tons previously.