Misunderstanding over actual size of lithium deposits found in Thailand

21 Sept 02:47 Key points summarised by AI

Thai authorities clarified that 14.8 million tonnes of lepidolite, a lithium-rich mineral, were found, not pure lithium, correcting earlier reports.
The discovered lepidolite contains about 0.45% lithium, which is considered commercially viable for producing lithium-ion batteries for electric vehicles (EVs).
Experts estimate the deposits could yield 60,000-70,000 tonnes of actual lithium, a figure significantly lower than initial misunderstandings suggesting Thailand would be the world's third-largest source.
Despite the revised estimates, Thailand aims to accelerate lithium exploration to support its ambition of becoming a regional hub for EV and battery production.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.