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Lithium Mining Market by Reserves and Production, Assets and Projects, Demand Drivers, Key Players and Forecast to 2030

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Published: January 31, 2023 Report Code: GDMMGLI004MR

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Accessing the in-depth insight from the ‘Lithium Mining’ report can help you:

  • Identify your competitors positioning to stay ahead in the market
  • Anticipate expected changes in demand and adjust your business development strategies
  • Identify lithium reserves and analyzing production of operational and upcoming mines to help pinpoint specific opportunities, production trends, and demand-driving factors
  • Identify potential countries for growth opportunities
  • Make informed strategic decisions and develop a roadmap for growth by identifying key trends in the global lithium mining industry

How is the ‘Lithium Mining’ report different from other reports in the market?

  • The report provides in-depth qualitative coverage on production, production by country (Australia, Chile and Argentina), demand drivers, mining projects, price trends, and forecasts
  • It highlights the global lithium reserves by key countries (Chile, Australia, Argentina, China, and the US)
  • The report includes a list of major exporters and importers and key players active in the lithium mining market
  • Detailed analysis of major active, exploration, and development projects
  • Discusses lithium demand drivers that will encourage further investment in production and mine development 

We recommend this valuable source of information to anyone involved as:

  • Mining equipment suppliers
  • Mining technology suppliers
  • Mining consultants
  • Mining contractors
  • EV manufacturers
  • EV battery manufacturers
  • Mining Investors
  • Government agencies

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Lithium Mining Market Report Overview

The global lithium consumption was estimated at 93kt in 2021 and is expected to grow at a CAGR of more than 12% during 2021-2030. Lithium-ion (Li-ion) is the dominant battery technology for connected devices (e.g., laptops and smartphones), electric vehicles (EVs), and renewable energy storage in the home. Hence, the use of batteries in portable electrical appliances and EVs continues to drive demand for lithium. As EVs gain market share in the global passenger car market, demand for lithium batteries is anticipated to increase.

The lithium mining market research report contains an overview of the global lithium mining industry including key demand-driving factors affecting the industry. It provides detailed information on reserves, reserves by country, production, production by country, production by the company, major operating mines, competitive landscape, and major exploration and development projects.

Lithium Mining Market Outlook, 2021-2030 (kt)

Lithium Mining Market Outlook, 2021-2030 (kt)

To gain more information about the lithium mining market forecast, download a free report sample

Lithium Mining Market Drivers

The rising demand for EV batteries is one of the major drivers of lithium mining market. Demand for ceramics and glasses and lubricating greases will also continue to contribute to growth in lithium demand, albeit to an increasingly small degree relative to battery demand. Furthermore, investments from automakers across the advanced economies in developing lithium-ion batteries is expected to drive the market positively in the upcoming years. For instance, in Europe, automakers including VW and BMW have made significant investments in Northvolt, a Swedish developer of lithium-ion batteries. The company is preparing to open two European facilities for the development of lithium-ion batteries in Sweden and Germany alongside Volkswagen.

In addition, vehicle manufacturers and lithium cell suppliers are planning battery plants with larger capacities to meet the surging demand. For instance, US start-up, 24M Technologies Inc is advancing with its semi-solid-state technology, which will provide lower costing per cell and a simpler manufacturing process. These initiatives from key stakeholders are likely to boost the lithium mining market growth throughout the forecast period.

For more insights on the lithium mining market drivers, download a free sample report

Lithium Mining Market Segmentation by Countries

The leading countries in the lithium mining market in terms of production are Australia, Chile, and Argentina. In 2021, Australia accounted for the highest share in the global lithium production. The growth of lithium production in Australia is mainly supported by scheduled expansions alongside consistent output from existing mines.  A sharp increase in the country’s production is expected to take place in 2023, with resumption the Wodinga lithium mine as well as expansions at Greenbushes Lithium Operations as well as Pilgangoora projects.

Lithium Mining Market Analysis by Countries, 2022 (%)

Lithium Mining Market Analysis by Countries, 2022 (%)

For more country insights into the lithium mining market, download a free report sample

Lithium Mining Market – Key Assets

Active Mines – Some of the key active lithium mines are Greenbushes Lithium Operations, Salar de Atacama Mine, Salar del Hombre Muerto Mine, Salar De Olaroz Lithium Project, and Salar De Olaroz Lithium Project among others.

Development Projects – Some of the key lithium development projects are Kathleen Valley Project (Liontown Resources), Arcadia Lithium Project, Sepeda Project, Georgia Lake Project, Jadar Project, and James Bay Project among others.

Exploration Projects – Some of the key lithium exploration projects are TLC Project, McDermitt Project, Big Sandy Project, Pioneer Dome Project, Nisk Property, and Mount Edwards Project among others.

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Lithium Mining Market – Competitive Landscape

Some of the leading lithium producing companies are Allkem Ltd, Ultra Lithium Inc, Woomera Mining Ltd, Sayona Mining Ltd, Hemlo Explorers Inc, Critical Elements Lithium Corp, Bradda Head Lithium Ltd, Core Lithium Ltd, New Age Metals Inc, Albemarle Corp, Dixie Gold Inc, International Lithium Corp., Liontown Resources Ltd, and Metals Australia Ltd among others. Allkem Ltd accounted for the highest project count in 2022.

Allkem owns and operates the Olaroz lithium facility to produce lithium carbonate. The company also holds interest in the Naraha lithium hydroxide plant, Mt Cattlin, Sal de Vida, James Bay, Salar de Cauchari, and Salar De Olaroz Lithium expansion projects. The company produces lithium through its Salar De Olaroz Lithium project in Argentina and Mount Cattlin Lithium mine in Australia. The company is currently conducting Stage 2 expansion activities at the Salar De Olaroz Lithium project, which is expected to be completed by 2023.  The company also commenced a scoping study to evaluate further expansion at Olaroz (Stage 3).

Lithium Mining Market Analysis by Company, 2022 (%)

Lithium Mining Market Analysis by Company, 2022 (%)

 

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Lithium Mining Market Overview

Market Size in terms of Volume (2021) 93kt
CAGR (2023-2026) >12%
Forecast Period 2021-2030
Historic Period 2006-2020
Key Countries Australia, Chile, Argentina, and Others
Active Mines Greenbushes Lithium Operations, Salar de Atacama Mine, Salar del Hombre Muerto Mine, Salar De Olaroz Lithium Project, and Salar De Olaroz Lithium Project
Exploration Projects Kathleen Valley Project (Liontown Resources), Arcadia Lithium Project, Sepeda Project, Georgia Lake Project, Jadar Project, and James Bay Project
Development Projects are TLC Project, McDermitt Project , Big Sandy Project, Pioneer Dome Project, Nisk Property, and Mount Edwards Project
Leading Producers Allkem Ltd, Ultra Lithium Inc, Woomera Mining Ltd, Sayona Mining Ltd, Hemlo Explorers Inc, Critical Elements Lithium Corp, Bradda Head Lithium Ltd, Core Lithium Ltd, New Age Metals Inc, Albemarle Corp, Dixie Gold Inc, International Lithium Corp., Liontown Resources Ltd, and Metals Australia Ltd

Scope

The report contains an overview of the global Lithium mining industry including key demand driving factors affecting the global Lithium mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration, and development projects.

Reasons to Buy

  • To gain an understanding of the global Lithium mining industry, relevant driving factors

  • To understand historical and forecast trend on global Lithium production

  • To identify key players in the global Lithium mining industry

  • To identify major active, exploration and development projects by region

Key Players

Albemarle Corporation
SQM
Ganfeng Lithium Group Co Ltd
Livent Corp.
Allkem Ltd

Table of Contents

  • 1 Executive Summary

  • 2 Reserves, Production and Prices

    • 2.1 Global Lithium Reserves by Country

      • 2.1.1 Chile

      • 2.1.2 Australia

      • 2.1.3 Argentina

      • 2.1.4 China

      • 2.1.5 US

    • 2.2 Lithium Production

      • 2.2.1 Production by country

      • 2.2.2 Australia

      • 2.2.3 Chile

      • 2.2.4 Argentina

      • 2.2.5 Direct Lithium Extraction

    • 2.3 Lithium Price Analysis

  • 3 Lithium Assets

    • 3.1 Active Mines

    • 3.2 Development Projects

    • 3.3 Exploration Projects

  • 4 Demand and Trade

    • 4.1 Lithium Consumption

    • 4.2 Lithium Carbonate Trade

    • 4.3 Global Electric Vehicles (EVs) Market

      • 4.3.1 Demand from Electric Vehicles (EVs)

      • 4.3.2 Global Battery Demand and Technology Update

      • 4.3.3 Demand for EV Batteries

      • 4.3.4 EV Policies in APAC

    • 4.4 Global Lithium Market Balance

    • 4.5 M&As in the global lithium industry

  • 5 Major Lithium Producers

    • 5.1 Mines and Projects by Stage and Country

    • 5.2 Albemarle Corporation

    • 5.3 Sociedad Quimica y Minera de Chile SA

    • 5.4 Ganfeng Lithium Group Co Ltd

    • 5.5 Livent Corp.

    • 5.6 Allkem Ltd

  • 6 Appendix

    • 6.1 Abbreviations

    • 6.2 Methodology

    • 6.3 Coverage

    • 6.4 Secondary Research

    • 6.5 Development Likelihood

Table

Table 1: Lithium reserves by country (million tonnes), January 2022

Table 2: Active mines in Australia by total ore reserves (million tonnes)

Table 3: Active mines in Argentina by total ore reserves (million tonnes)

Table 4: Active mines in China by total ore reserves (million tonnes)

Table 5: Historical and forecast lithium production (thousand tonnes), 2006–30

Table 6: Lithium mine production by country (thousand tonnes), 2006–30

Table 7: Lithium mine production in Australia (thousand tonnes), 2006–30

Table 8: Lithium mine production in Chile (thousand tonnes), 2006–30

Table 9: Lithium mine production in Argentina (thousand tonnes), 2006–30

Table 10: New Technologies, 2022

Table 11: World lithium hydroxide and spodumene concentrate prices ($/tonne), 2018–24

Table 12: Lithium Pricing Landscape, 2022

Table 13: Key active mines, 2022

Table 14: Key development projects, 2022

Table 15: Key exploration projects, 2022

Table 16: Historical and forecast lithium consumption (thousand tonnes), 2006–30

Table 17: Top lithium carbonate exporters, 2021

Table 18: Top lithium carbonate importers, 2021

Table 19: Production of electric vehicles (thousand units), 2020–36

Table 20: Global EV sales by category (thousand vehicles), 2010–21

Table 21: China EV sales (thousand vehicles), 2010–21

Table 22: EV sales by type by country (thousand units), 2020–21

Table 23: Battery Energy Storage Market, Battery Technology Overview, 2022

Table 24: Major companies and their competitive position within the batteries scheme

Table 25: Major Completed deals in lithium industry, 2022

Table 26: Major Announced deals in lithium industry, 2022

Table 27: Projects count by country and stage, 2022

Table 28: Projects count by company and stage, 2022

Table 29: Albemarle Corporation, Major projects, 2022

Table 30: SQM, Major projects, 2022

Table 31: Ganfeng Lithium Group Co Ltd, capacity planning, 2022

Table 32: Ganfeng Lithium Group Co Ltd, Major projects, 2022

Table 33: Livent Corp, lithium conversion plants, 2022

Table 34: Livent Corp, Major projects, 2022

Table 35: Allkem Ltd, Major projects, 2022

Figures

Figure 1: Lithium reserves by country (million tonnes), 2017 – 22

Figure 2: Lithium reserves by country (%), January 2022

Figure 3: Lithium reserves in Australia, 2022

Figure 4: Historical and forecast lithium production (thousand tonnes), 2006–30

Figure 5: Lithium mine production by country (thousand tonnes), 2020–21

Figure 6: Lithium mine production in Australia (thousand tonnes), 2006–30

Figure 7: Lithium mine production in Chile (thousand tonnes), 2006–30

Figure 8: Lithium mine production in Argentina (thousand tonnes), 2006–30

Figure 9: World lithium hydroxide and spodumene concentrate prices ($/tonne), 2018–24

Figure 10: Lithium demand by end-use (%), 2021

Figure 11: Historical and forecast lithium consumption (thousand tonnes), 2006–30

Figure 12: Top exporters and importers of lithium carbonates, 2021

Figure 13: Global EV sales by category (thousand vehicles), 2010–21

Figure 14: China EV sales (thousand vehicles), 2010–21

Figure 15: EV sales by type by country (thousand units), 2020–21

Figure 16: Chinese EV policy, 2009–22

Figure 17: EV policy in South Korea, India and Japan, 2016–22

Figure 18: Lithium market balance (kt), 2016–30

Figure 19: Projects count by country and stage (%), 2021

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