Savannah Resources PLC (AIM:SAV, FRA:SAV, ETR:SAV, OTC:SAVNF) has become an associate member of the International Lithium Association, the newly formed global lithium industry trade organisation.
The International Lithium Association is a global, not-for-profit, trade association for the lithium industry formed to represent the entire lithium value chain.
The five Founding members of the ILiA are SQM, Ganfeng Lithium Co. Ltd, AMG Brazil S.A., Orocobre Ltd and Pilbara Minerals, who between them account for well over half of global lithium production.
"We are delighted to be joining the International Lithium Association, which is set to become a vital trade organisation for the many stakeholders in this rapidly growing, global industry,” said Savannah chief executive David Archer.
“Given lithium's key role in the global energy transition, it is very likely that the attention the lithium industry is already receiving from governments, the media and civil society is going to increase significantly. Hence, having a trade association with the voice of the industry will be key to providing accurate market information as well as a unifying and consistent message to external stakeholders on how the industry is meeting the demands and challenges placed upon it.”
Anand Sheth, founding chairman of ILiA, said: "Our vision is to become 'the voice of the lithium industry'."
The new organisation will have its headquarters and secretariat in London, UK, though Sheth will continue to be based in Perth in Western Australia.
London was chosen to host ILiA as its time-zone bridges the two key current producing regions, Australia and South America, as well as being home to world-class professional services and close to European regulators.