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ABC News
ABC News
Business

Port Hedland proposed lithium refinery could reduce exposure to iron ore prices

Plans for a billion-dollar lithium plant for Western Australia's Pilbara are raising eyebrows across the industry and have locals curious about what proponents are pitching.

British chemical company Alkemy Capital Investments has announced plans to build a four-train lithium sulphate (LSM) refinery in Port Hedland off the back of its increased use in batteries for electric vehicles and renewable energy technology.

"Lithium demand is surging ... demand is expected to grow by over 600 per cent over the next decade, so it's absolutely booming at the moment," Alkemy commercial manager Alex Della Bosca said. 

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