Lithium Mining: Global Markets

The global market for lithium mining is expected to grow from $5.7 billion in 2023 and projected to reach $9.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 10.0% from 2023 to 2028.

The Asia-Pacific market for lithium mining is expected to grow from $3.3 billion in 2023 to $5.5 billion by the end of 2028, at a CAGR of 10.6% from 2023 to 2028.

The South American market for lithium mining is expected to grow from $2.2 billion in 2023 to $3.4 billion by the end of 2028, at a CAGR of 9.3% from 2023 to 2028.

Report Scope:

The report discusses the two source types of lithium mining, such as brine and hard rock. It analyzes the leading players in the market as well as market trends. Emerging technologies and trends are reviewed. Because this is a global study, BCC Research analyzed domestic and international technological issues and economic considerations.

The market segments of the report are focused on the technical and commercial aspects of lithium mining activities with respect to two product types: lithium carbonate and lithium hydroxide. The report also covers the policy and regulatory framework for lithium mining that mining companies adhere to in order to maintain environmental sustainability and to comply with government regulations.

The report analyzes the global market by region as well as country, with forecasts from 2023 through 2028. The report surveys the competitive landscape of the lithium mining industry, and profiles key market players.

The currency used in this report is U.S. dollars, with market size indicated only in millions of U.S. dollars. The revenues of the companies are derived from their annual reports. For all the companies, the revenues are given in the U.S. dollars; and for companies that report their revenue in other currencies (i.e., euros and pounds), the average annual currency conversion rate has been used for the particular year to convert these values into U.S. dollars. The conversion rate for each currency conversion is provided in the report.

Report Includes:

48 data tables and 49 additional tables
An overview of the current and future global markets for lithium mining
Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
Estimate of the actual market size and revenue forecast for the global lithium mining market, and corresponding market share analysis by source type, product type, end-user industry and geographic region
Facts and figures pertaining to the major market dynamics, technological trends, policies and regulatory frameworks for lithium mining and future prospects
Discussion of the impact of COVID-19 on the lithium mining industry
Discussion of sustainability trends and factors in lithium mining market, with emphasis on consumer attitudes, companies' ESG scores, the future of ESG, case studies, and the ESG practices followed by lithium mining companies
Overview of the major vendors, along with an analysis of the competitive landscape, including company market shares, M&A deals and venture fundings
Profiles of the leading global players

Product Code: EGY184B

Chapter 1 Introduction

Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
What's New in this Update?
Methodology
Information Sources
Geographic Breakdown
Segmentation Breakdown

Chapter 2 Summary and Highlights

Market Outlook
Market Summary

Chapter 3 Market Overview

Introduction
Pricing Analysis
Market Potential

Chapter 4 Market Dynamics

Overview
Market Drivers
Rising Sales of EVs
Government Investment in Lithium Mining
Increasing Demand for Consumer Electronics
More Economical and Efficient EV Batteries
Environmentally Friendly Applications of Lithium
Market Challenges
Market Opportunities
Business Expansion Activities
Growing Demand for Renewable Energy Sources
Porter's Five Forces Model
SWOT Analysis
Lithium Mining Supply Chain
Impact of Israel-Palestine Conflict
Climate Policies and Regulation
Environmental Impact of Lithium Mining
The Paris Agreement
European Green Deal

Chapter 5 Emerging Technologies and Developments

Direct Lithium Extraction
Developments in Lithium-Ion Batteries
Auto Manufacturers' Attempt to Ensure a Secure Supply of Lithium

Chapter 6 Global Market for Lithium Mining by Source Type

Overview
Brine Lithium Mining
Hard Rock Lithium Mining

Chapter 7 Global Market for Lithium Mining by Product Type

Overview
Lithium Carbonate
Lithium Hydroxide

Chapter 8 Global Market for Lithium Mining by End Use

Overview
Batteries
Lithium-Manganese Oxide
Lithium-Cobalt Oxide
Lithium-Nickel Manganese Cobalt Oxide
Lithium-Nickel Cobalt Aluminum Oxide
Lithium-Titanate Oxide
Developments in Lithium-ion Batteries
Glass and Ceramics
Lubricants and Grease
Polymers
Flux Powders
Other End Uses

Chapter 9 Global Market for Lithium Mining by Region

Overview
APAC Market for Lithium Mining
South American Market for Lithium Mining
EMEA Market for Lithium Mining
North American Market for Lithium Mining

Chapter 10 Sustainability in the Lithium Mining Industry: An ESG Perspective

ESG in the Lithium Mining Industry
ESG Ratings and Metrics: Understanding the Data
ESG Practices in the Lithium Mining Industry
ESG Score Analysis
Risk, Exposure and Management Scales
Risk Scale
Exposure Scale
Management Scale
Carbon Neutrality
Concluding Remarks from BCC Research

Chapter 11 Patent Analysis

Introduction

Chapter 12 Competitive Intelligence

Global Competitive Landscape
Companies in the Lithium Battery Market

Chapter 13 Company Profiles

ALBEMARLE CORP.
ALLKEM LTD.
GANFENG LITHIUM CO. LTD.
LITHIUM AMERICAS CORP.
LIVENT CORP.
MINERAL RESOURCES LTD.
PILBARA MINERALS LTD.
SICHUAN YAHUA INDUSTRIAL GROUP CO. LTD.
SQM S.A.
TIANQI LITHIUM INDUSTRY CO. LTD.

Chapter 14 Appendix: Abbreviations

List of Abbreviations

Product Code: EGY184B

List of Tables

Summary Table : Global Market for Lithium Mining, by Region, Through 2028
Table 1 : Lithium Properties
Table 2 : Global Lithium Reserves, by Country, 2021 and 2022
Table 3 : Impact of Market Dynamics
Table 4 : Post-2020 Emission Reduction, by Country/Region
Table 5 : CO2 Emissions by Fossil Fuels, by Country/Region, 2021
Table 6 : Lithium Mining Technologies
Table 7 : Global Market for Lithium Mining, by Source Type, Through 2028
Table 8 : Average Lithium Content in Processed Brine
Table 9 : Global Market for Brine Lithium Mining, by Region, Through 2028
Table 10 : Lithium Minerals
Table 11 : Global Market for Hard Rock Lithium Mining, by Region, Through 2028
Table 12 : Global Market for Lithium Mining, by Product Type, Through 2028
Table 13 : Global Market for Lithium Carbonate Mining, by Region, Through 2028
Table 14 : Global Market for Lithium Hydroxide Mining, by Region, Through 2028
Table 15 : Global Market for Lithium Mining, by End Use, Through 2028
Table 16 : Lithium-Ion Batteries Used in Consumer Electronics Devices
Table 17 : Global Market for Lithium Mining for Batteries, by Region, Through 2028
Table 18 : Global Market for Lithium Mining for Glass and Ceramics, by Region, Through 2028
Table 19 : Global Market for Lithium Mining for Lubricants and Grease, by Region, Through 2028
Table 20 : Global Market for Lithium Mining for Polymers, by Region, Through 2028
Table 21 : Global Market for Lithium Mining for Flux Powders, by Region, Through 2028
Table 22 : Global Market for Lithium Mining for Other End Uses, by Region, Through 2028
Table 23 : Global Market for Lithium Mining, by Region, Through 2028
Table 24 : Global Market Volume of Lithium Mining, by Region, Through 2028
Table 25 : APAC Market for Lithium Mining, by Country, Through 2028
Table 26 : APAC Market Volume for Lithium Mining, by Country, Through 2028
Table 27 : APAC Market for Lithium Mining, by Source Type, Through 2028
Table 28 : APAC Market for Lithium Mining, by Product Type, Through 2028
Table 29 : APAC Market for Lithium Mining, by End Use, Through 2028
Table 30 : South American Market for Lithium Mining, by Country, Through 2028
Table 31 : South American Market Volume for Lithium Mining, by Country, Through 2028
Table 32 : South American Market for Lithium Mining, by Source Type, Through 2028
Table 33 : South American Market for Lithium Mining, by Product Type, Through 2028
Table 34 : South American Market for Lithium Mining, by End Use, Through 2028
Table 35 : EMEA Market for Lithium Mining, by Country, Through 2028
Table 36 : EMEA Market Volume for Lithium Mining, by Country, Through 2028
Table 37 : EMEA Market for Lithium Mining, by Source Type, Through 2028
Table 38 : EMEA Market for Lithium Mining, by Product Type, Through 2028
Table 39 : EMEA Market for Lithium Mining, by End Use, Through 2028
Table 40 : Projects for the Development of Lithium Hydroxide Production from Geothermal Brines
Table 41 : Comparison of U.S. and World Mineral Reserves and Manufacturing Capacities, 2020
Table 42 : North American Market for Lithium Mining, by Country, Through 2028
Table 43 : North American Market Volumes for Lithium Mining, by Country, Through 2028
Table 44 : North American Market for Lithium Mining, by Source Type, Through 2028
Table 45 : North American Market for Lithium Mining, by Product Type, Through 2028
Table 46 : North American Market for Lithium Mining, by End Use, Through 2028
Table 47 : ESG Ratings and Metrics
Table 48 : Analysis of ESG Diversity Issues
Table 49 : Analysis of ESG Employee Safety and Labor Practices Issues
Table 50 : Analysis of ESG Resource Efficiency and Emissions Issues
Table 51 : Analysis of ESG Sustainable Supply Chain Issues
Table 52 : Analysis of ESG Ethical Corporate Behavior Issues
Table 53 : Current Status of ESG in Lithium Mining Companies
Table 54 : Companies' Risk, Exposure and Management Scales
Table 55 : Albemarle Corp.'s Active Patents Related to Lithium Mining
Table 56 : Lithium Mining, Pending Patent Applications by Assignee
Table 57 : Companies in the Lithium Mining Market
Table 58 : Companies in the Lithium Battery Market
Table 59 : Albemarle Corp.: Company Snapshot
Table 60 : Albemarle Corp.: Annual Revenue, 2022
Table 61 : Albemarle Corp.: Lithium Mining Product Portfolio
Table 62 : Albemarle Corp.: Recent Developments, 2021-2022
Table 63 : Allkem Ltd.: Company Snapshot
Table 64 : Allkem Ltd.: Annual Revenue, July 2022 to June 2023
Table 65 : Allkem Ltd.: Lithium Mining Product Portfolio
Table 66 : Allkem Ltd.: Recent Developments, 2021-2023
Table 67 : Ganfeng Lithium Co. Ltd.: Company Snapshot
Table 68 : Ganfeng Lithium Co. Ltd.: Annual Revenue, 2022
Table 69 : Ganfeng Lithium Co. Ltd.: Lithium Mining Product Portfolio
Table 70 : Ganfeng Lithium Co. Ltd.: Recent Developments, 2021-2022
Table 71 : Lithium Americas Corp.: Company Snapshot
Table 72 : Lithium Americas Corp.: Lithium Mining Product Portfolio
Table 73 : Lithium Americas Corp.: Recent Developments, 2021-2023
Table 74 : Livent Corp.: Company Snapshot
Table 75 : Livent Corp.: Annual Revenue, 2022
Table 76 : Livent Corp.: Lithium Mining Product Portfolio
Table 77 : Livent Corp.: Recent Developments, 2022-2023
Table 78 : Mineral Resources Ltd.: Company Snapshot
Table 79 : Mineral Resources Ltd.: Annual Revenue, 2022
Table 80 : Mineral Resources Ltd.: Lithium Mining Product Portfolio
Table 81 : Mineral Resources Ltd.: Recent Developments, 2022-2023
Table 82 : Pilbara Minerals Ltd.: Company Snapshot
Table 83 : Pilbara Minerals Ltd.: Annual Revenue, July 2022 to June 2023
Table 84 : Pilbara Minerals Ltd.: Recent Developments, 2021-2022
Table 85 : Sichuan Yahua Industrial Group Co. Ltd.: Company Snapshot
Table 86 : Sichuan Yahua Industrial Group Co. Ltd.: Lithium Mining Product Portfolio
Table 87 : Sichuan Yahua Industrial Group Co. Ltd.: Recent Developments, 2021-2023
Table 88 : SQM S.A.: Company Snapshot
Table 89 : SQM S.A.: Annual Revenue, 2022
Table 90 : SQM S.A.: Lithium Mining Product Portfolio
Table 91 : SQM S.A.: Recent Developments, 2021-2023
Table 92 : Tianqi Lithium: Company Snapshot
Table 93 : Tianqi Lithium: Annual Revenue, 2022
Table 94 : Tianqi Lithium: Lithium Mining Product Portfolio
Table 95 : Tianqi Lithium: Recent Developments, 2021-2023
Table 96 : Abbreviations Used in This Report

List of Figures

Figure A : Research Methodology Steps Adopted for Global Lithium Mining Market

Summary Figure : Global Market for Lithium Mining, by Region, 2022-2028
Figure 1 : Global Lithium Reserves, by Country, 2021 and 2022
Figure 2 : Global Share of Lithium Resources, by Country, 2021
Figure 3 : Snapshot of the Global Lithium Deposits
Figure 4 : Global Market for Lithium Mining, by Value, 2022-2028
Figure 5 : Global Market for Lithium Mining, by Volume, 2022-2028
Figure 6 : Global Demand for Lithium Mining, by Value, 2022-2028
Figure 7 : Lithium Mining Market Dynamics
Figure 8 : Trends in Lithium-Ion Battery Cost and Share in Total Cost, 2015-2021
Figure 9 : Global Share of Power Generation Sources, 2017-2021
Figure 10 : Porter's Five Forces Analysis of the Lithium Mining Industry
Figure 11 : SWOT Analysis of the Lithium Mining Industry
Figure 12 : Lithium Mining Supply Chain
Figure 13 : Lithium-ion Battery Supply Chain
Figure 14 : Annual CO2 Emissions, by Fossil Fuels, 2015-2022
Figure 15 : Direct Lithium Extraction Process
Figure 16 : Global Market Shares of Lithium Mining, by Source Type, 2022
Figure 17 : Global Market Shares of Lithium Mining, by Source Type, 2028
Figure 18 : Lithium Production Technology from Brine
Figure 19 : Global Market Shares of Brine Lithium Mining, by Region, 2022
Figure 20 : Global Market Shares of Brine Lithium Mining, by Region, 2028
Figure 21 : Global Market Shares of Hard Rock Lithium Mining, by Region, 2022
Figure 22 : Global Market Shares of Hard Rock Lithium Mining, by Region, 2028
Figure 23 : Global Market Shares of Lithium Mining, by Product Type, 2022
Figure 24 : Global Market Shares of Lithium Mining, by Product Type, 2028
Figure 25 : Global Market Shares of Lithium Carbonate Mining, by Region, 2022
Figure 26 : Global Market Shares of Lithium Carbonate Mining, by Region, 2028
Figure 27 : Global Market Shares of Lithium Hydroxide Mining, by Region, 2022
Figure 28 : Global Market Shares of Lithium Hydroxide Mining, by Region, 2028
Figure 29 : Global Market Shares of Lithium Mining, by End Use, 2022
Figure 30 : Global Market Shares of Lithium Mining, by End Use, 2028
Figure 31 : Battery Cathode Material, by Source
Figure 32 : Global EV Sales, by Country/Region, 2018-2023
Figure 33 : Global Market Shares of Lithium Mining for Batteries, by Region, 2022
Figure 34 : Global Market Shares of Lithium Mining for Batteries, by Region, 2028
Figure 35 : Global Market Shares of Lithium Mining for Glass and Ceramics, by Region, 2022
Figure 36 : Global Market Shares of Lithium Mining for Glass and Ceramics, by Region, 2028
Figure 37 : Global Market Shares of Lithium Mining for Lubricants and Grease, by Region, 2022
Figure 38 : Global Market Shares of Lithium Mining for Lubricants and Grease, by Region, 2028
Figure 39 : Global Market Shares of Lithium Mining for Polymers, by Region, 2022
Figure 40 : Global Market Shares of Lithium Mining for Polymers, by Region, 2028
Figure 41 : Global Market Shares of Lithium Mining for Flux Powders, by Region, 2022
Figure 42 : Global Market Shares of Lithium Mining for Flux Powders, by Region, 2028
Figure 43 : Global Market Shares of Lithium Mining for Other End Uses, by Region, 2022
Figure 44 : Global Market Shares of Lithium Mining for Other End Uses, by Region, 2028
Figure 45 : Global Market Shares of Lithium Mining, by Region, 2022
Figure 46 : Global Market Shares of Lithium Mining, by Region, 2028
Figure 47 : Global Market Volume Shares of Lithium Mining, by Region, 2022
Figure 48 : Global Market Volume Shares of Lithium Mining, by Region, 2028
Figure 49 : APAC Market for Lithium Mining, by Value, 2022-2028
Figure 50 : APAC Market for Lithium Mining, by Volume, 2022-2028
Figure 51 : APAC Market Shares of Lithium Mining, by Country, 2022
Figure 52 : APAC Market Shares of Lithium Mining, by Country, 2028
Figure 53 : APAC Market Volume Shares of Lithium Mining, by Country, 2022
Figure 54 : APAC Market Volume Shares of Lithium Mining, by Country, 2028
Figure 55 : APAC Market Shares of Lithium Mining, by Source Type, 2022
Figure 56 : APAC Market Shares of Lithium Mining, by Source Type, 2028
Figure 57 : APAC Market Shares of Lithium Mining, by Product Type, 2022
Figure 58 : APAC Market Shares of Lithium Mining, by Product Type, 2028
Figure 59 : APAC Market Shares of Lithium Mining, by End Use, 2022
Figure 60 : APAC Market Shares of Lithium Mining, by End Use, 2028
Figure 61 : South American Market for Lithium Mining, by Value, 2022-2028
Figure 62 : South American Market Volume for Lithium Mining, by Volume, 2022-2028
Figure 63 : South American Market Shares of Lithium Mining, by Country, 2022
Figure 64 : South American Market Shares of Lithium Mining, by Country, 2028
Figure 65 : South American Market Volume Shares of Lithium Mining, by Country, 2022
Figure 66 : South American Market Volume Shares of Lithium Mining, by Country, 2028
Figure 67 : South American Market Shares of Lithium Mining, by Source Type, 2022
Figure 68 : South American Market Shares of Lithium Mining, by Source Type, 2028
Figure 69 : South American Market Shares of Lithium Mining, by Product Type, 2022
Figure 70 : South American Market Shares of Lithium Mining, by Product Type, 2028
Figure 71 : South American Market Shares of Lithium Mining, by End Use, 2022
Figure 72 : South American Market Shares of Lithium Mining, by End Use, 2028
Figure 73 : EMEA Market for Lithium Mining, by Value, 2022-2028
Figure 74 : EMEA Market Volume for Lithium Mining, by Volume, 2022-2028
Figure 75 : EMEA Market Shares of Lithium Mining, by Country, 2022
Figure 76 : EMEA Market Shares of Lithium Mining, by Country, 2028
Figure 77 : EMEA Market Volume Shares of Lithium Mining, by Country, 2022
Figure 78 : EMEA Market Volume Shares of Lithium Mining, by Country, 2028
Figure 79 : EMEA Market Shares of Lithium Mining, by Source Type, 2022
Figure 80 : EMEA Market Shares of Lithium Mining, by Source Type, 2028
Figure 81 : EMEA Market Shares of Lithium Mining, by Product Type, 2022
Figure 82 : EMEA Market Shares of Lithium Mining, by Product Type, 2028
Figure 83 : EMEA Market Shares of Lithium Mining, by End Use, 2022
Figure 84 : EMEA Market Shares of Lithium Mining, by End Use, 2028
Figure 85 : North American Market for Lithium Mining, by Value, 2022-2028
Figure 86 : North American Market Volume for Lithium Mining, by Volume, 2022-2028
Figure 87 : North American Market Shares of Lithium Mining, by Country, 2022
Figure 88 : North American Market Shares of Lithium Mining, by Country, 2028
Figure 89 : North American Market Volume Shares of Lithium Mining, by Country, 2022
Figure 90 : North American Market Volume Shares of Lithium Mining, by Country, 2028
Figure 91 : North American Market Shares of Lithium Mining, by Source Type, 2022
Figure 92 : North American Market Shares of Lithium Mining, by Source Type, 2028
Figure 93 : North American Market Shares of Lithium Mining, by Product Type, 2022
Figure 94 : North American Market Shares of Lithium Mining, by Product Type, 2028
Figure 95 : North American Market Shares of Lithium Mining, by End Use, 2022
Figure 96 : North American Market Shares of Lithium Mining, by End Use, 2028
Figure 97 : ESG Issues in for Lithium Mining Companies
Figure 98 : Environmental Scores of Lithium Mining Companies
Figure 99 : Social Scores of Lithium Mining Companies
Figure 100 : Governance Scores of Lithium Mining Companies
Figure 101 : Total ESG Scores of Lithium Mining Companies
Figure 102 : Lithium-ion Batteries, Patent Status, 2019-2023
Figure 103 : Global Market Shares of Lithium Mining, by Company, 2022
Figure 104 : Albemarle Corp.: Annual Revenue, 2021 and 2022
Figure 105 : Albemarle Corp.: Revenue Share, by Business Unit, 2022
Figure 106 : Albemarle Corp.: Revenue Share, by Country/Region, 2022
Figure 107 : Allkem Ltd.: Annual Revenue, 2022 and 2023
Figure 108 : Allkem Ltd.: Revenue Share, by Business Unit, 2023
Figure 109 : Allkem Ltd.: Revenue Share, by Region, 2023
Figure 110 : Ganfeng Lithium Co. Ltd.: Annual Revenue, 2021 and 2022
Figure 111 : Ganfeng Lithium Co. Ltd.: Revenue Share, by Product Group, 2022
Figure 112 : Ganfeng Lithium Co. Ltd.: Revenue Share, by Country/Region, 2022
Figure 113 : Livent Corp.: Annual Revenue, 2021 and 2022
Figure 114 : Livent Corp.: Revenue Share, by Product, 2022
Figure 115 : Livent Corp.: Revenue Share, by Application, 2022
Figure 116 : Livent Corp.: Revenue Share, by Region, 2022
Figure 117 : Mineral Resources Ltd.: Annual Revenue, 2021 and 2022
Figure 118 : Mineral Resources Ltd.: Revenue Share, by Business Unit, 2022
Figure 119 : Mineral Resources Ltd.: Revenue Share, by Country, 2022
Figure 120 : Pilbara Minerals Ltd.: Annual Revenue, 2022 and 2023
Figure 121 : SQM S.A.: Annual Revenue, 2021 and 2022
Figure 122 : SQM S.A.: Revenue Share, by Product, 2022
Figure 123 : SQM S.A.: Revenue Share, by Country/Region, 2022
Figure 124 : Tianqi Lithium: Annual Revenue, 2021 and 2022

Lithium Mining: Global Markets

Description

Table of Contents

List of Tables

Highlights:

Report Scope:

Report Includes:

Table of Contents

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

Chapter 4 Market Dynamics

Chapter 5 Emerging Technologies and Developments

Chapter 6 Global Market for Lithium Mining by Source Type

Chapter 7 Global Market for Lithium Mining by Product Type

Chapter 8 Global Market for Lithium Mining by End Use

Chapter 9 Global Market for Lithium Mining by Region

Chapter 10 Sustainability in the Lithium Mining Industry: An ESG Perspective

Chapter 11 Patent Analysis

Chapter 12 Competitive Intelligence

Chapter 13 Company Profiles

Chapter 14 Appendix: Abbreviations

List of Tables

List of Figures