Pan Asia Metals to assess establishment of lithium conversion facility in Vietnam

Pan Asia Metals (ASX: PAM) managing director Paul Lock joins Small Caps to discuss the signing of a new battery metals MoU with a leading South East Asian conglomerate.

The agreement with a subsidiary (VinES Energy Solutions Joint Stock Company) of Vietnam powerhouse Vingroup is to run for an initial 36-month period with the organisations coming together to assess the potential development of a 20,000 to 25,000 tonnes per annum standalone lithium conversion facility.

Pan Asia operates a range of lithium development projects in South East Asia and one of its tasks under the MoU will be to identify potential additional lithium concessions and lithium oxide concentrate supply agreements to feed the lithium conversion facility in Vietnam.

The Vietnamese battery market is expected to record a compound annual growth rate of more than seven per cent between 2022-2027, while South East Asia is shaping as one of the world’s fastest growing critical metal development destinations due to the potential for low production costs and a rapidly growing population.

Articles:
https://smallcaps.com.au/pan-asia-metals-vines-assess-development-lithium-conversion-facility-vietnam/
https://smallcaps.com.au/pan-asia-metals-excellent-lithium-recoveries-during-test-work-reung-kiet-ore/

For more information on Pan Asia Metals:
https://smallcaps.com.au/stocks/PAM/

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