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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

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.