Exclusive special offer and discount title banner vector image

GLOBAL LITHIUM MINING MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Global Lithium Mining Market by Source Type (Brine, Hard Rock) Market by Product Type (Lithium Carbonate, Lithium Hydroxide) Market by End Use (Batteries, Glass and Ceramics, Lubricants and Grease, Polymers, Flux Powders, Other Uses) by Geography

REQUEST CUSTOMIZATION

MARKET OVERVIEW

In terms of revenue, the global lithium mining market is expected to reach $xx million by 2032, growing at a CAGR of 6.35% during the forecast period 2024-2032.

Lithium mining refers to the process of extracting lithium-containing minerals from the earth’s crust for the purpose of producing lithium compounds, which are essential for various industrial applications, particularly in the manufacture of lithium-ion batteries. The process plays a pivotal role in meeting the growing demand for lithium-ion batteries, which are widely used in portable electronics, electric vehicles, and energy storage systems. 

The primary sources of lithium extraction are lithium-rich brine deposits and lithium-containing minerals such as spodumene, petalite, and lepidolite. Brine deposits are typically found in salt flats or saltwater lakes, where lithium-rich water is pumped to the surface and processed to extract the lithium. Mineral deposits, on the other hand, require mining operations to extract the lithium-bearing ores. Subsequently, they are processed through various techniques such as crushing, grinding, and flotation to obtain lithium concentrates.

Lithium Mining Market

Read our latest blog on the Lithium Mining Market

GROWTH ENABLERS

Key enablers of the global lithium mining market growth: 

  • Governmental backing in lithium mining initiatives
  • Sustainable lithium applications gaining traction
  • Surge in electric vehicle adoption
  • Enhanced affordability and performance of EV batteries
    • Technological advancements have significantly slashed the cost of EV batteries in recent years, driving increased affordability and performance. 
    • In 2010, the price per kWh stood at around $1,100; however, by 2020, the cost plummeted to approximately $140, reaching as low as $100 in China. These reductions stem from streamlined manufacturing processes, decreased cathode material costs, and scaled-up production. 
    • Forecasts suggest that by 2030, prices could hit as low as $60 per kWh, making EVs more economically competitive with traditional ICE vehicles. While there was a slight uptick in lithium-ion battery prices in 2022 due to raw material expenses, ongoing advancements promise continued price declines over the coming years, bolstering accessibility and efficiency in the EV market.
  • Rising demand for consumer electronics

GROWTH RESTRAINTS

Key growth restraining factors of the global lithium mining market:

  • Environmental degradation from brine extraction
  • Limited recycling capacity creates supply chain strain
  • Slow permitting processes hinder production
    • Developing new lithium mines frequently encounters delays and bureaucratic obstacles. While stringent environmental regulations are vital for minimizing mining’s ecological footprint, the permitting process often becomes protracted and convoluted, entailing engagement with numerous governmental bodies and public consultations. 
    • Additionally, local communities may voice apprehensions about the environmental and societal repercussions of mining ventures, elongating the permitting timeline even further. 
    • This sluggish progression forms a bottleneck impeding market expansion, thereby constraining the mining sector’s capacity to scale up production and satisfy the continuously growing demand for lithium.

To Know More About This Report, Request a Free Sample Copy

KEY MARKET TRENDS

Global Lithium Mining Market | Top Trends

  • Numerous key players within the lithium industry are opting for strategies like collaborations, agreements, and mergers and acquisitions (M&A) to expand their production capacities.
  • While established producers like Australia, Chile, and Argentina currently dominate lithium production, a shift in the geographic landscape is on the horizon.  Countries rich in lithium resources, like Bolivia and Mexico, are expected to see a surge in exploration and mining activity to meet the growing demand for this critical mineral. 

MARKET SEGMENTATION

Market Segmentation Analysis – Source Type, Product Type, and End Use – 

Market by Source Type:

  • Brine
    • Brine is expected to be the largest source type in the global lithium mining market during the forecast period.
    • Lithium carbonate, represented chemically as CLi2O3 or Li2CO3, serves as the primary commercial form of lithium and goes by various names, such as dilithium carbonate, Lithonate, and Lithobid. With a molecular weight of 73.9, it is derived from carbonic acid, its parent compound.
    • The production of lithium carbonate from lithium brines involves several processes. Initially, lithium carbonate is generated by the addition of hydrochloric acid, resulting in a lithium chloride compound. This lithium chloride is then utilized in the electrolysis process to produce lithium metal.
    • The resulting lithium metal is a combination of lithium and potassium chlorides, characterized by a lower melting point ranging from 400°C to 420°C (750°F to 790°F) compared to pure lithium chloride, which melts at 610°C (1,130°F). 
    • Graphite anodes are employed in the electrolysis process for lithium production, while steel cathodes are utilized. At the cathode, pure lithium forms and coalesces on the surface of the electrolyte to create a molten pool, shielded from air reaction by a thin electrolyte film.
    • The molten lithium is then extracted from the cell and poured into molds at temperatures slightly above its melting point, leaving behind the solidified electrolyte. The solid lithium metal is subsequently re-melted, during which insoluble lithium materials either rise to the surface or settle at the bottom of the melting pot. This remelting step reduces the potassium content to less than 100 parts per million (ppm).
  • Hard Rock 

Market by Product Type:

  • Lithium Carbonate
  • Lithium Hydroxide 

Market by End Use:

  • Batteries 
  • Glass and Ceramics
    • The glass and ceramics segment is expected to be the fastest-growing end use in the market, over the projection years. 
    • Lithium finds extensive application in various industries including glasses, glass ceramics, porcelain enamels, fritted glazes, raw glazes, and refractories. Among these, the glass and ceramics sector stands as the second-largest consumer of lithium. 
    • Spodumene concentrate is predominantly employed to enhance the fluidity and lower the production temperatures during glass and ceramic manufacturing processes, consequently driving down overall production costs.
    • Due to its small ionic radius, lithium plays a pivotal role in reducing thermal expansion and enhancing the elasticity of molten glass when incorporated. 
    • In ceramic production, lithium serves to lower firing temperatures while enhancing the strength of ceramic bodies. Additionally, lithium metal imparts superior durability to heat-resistant ceramic and glass cookware, further highlighting its versatility and importance in various industrial applications. 
  • Lubricants and Grease
  • Polymers
  • Flux Powders
  • Other Uses

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions: 

  • North America: The United States and Canada
    • Governments across North America are prioritizing clean energy initiatives and electric vehicle adoption. This translates to subsidies and policies that encourage domestic lithium mining and battery production.
    • The region is also looking to break its dependence on foreign lithium by building a stronger, self-contained supply chain within North America, especially as imports currently come heavily from South America and China.
    • Furthermore, as electric vehicle sales surge, Canada is experiencing a growing need for both grid-scale and decentralized energy storage solutions. This demand is spurred by the expanding deployment of intermittent electricity generation sources like wind and solar power.
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Benelux, Poland, and Rest of Europe 
  • Asia-Pacific: China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia-Pacific 
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

Major players in the global lithium mining market:

  • Albemarle Corporation
  • SQM SA
  • Arcadium Lithium PLC 
  • Ganfeng Lithium Co Ltd
  • Mineral Resources Limited
  • Pilbara Minerals Ltd

Key strategies adopted by some of these companies:

  • In January 2024, the Australian company Allkem and the US-based Livent finalized an all-stock merger, resulting in the formation of Arcadium Lithium.
  • Khanij Bidesh India Ltd (KABIL) and Catamarca Minera Y Energética Sociedad Del Estado (CAMYEN) signed an agreement in January 2024 for a lithium exploration and mining project in Argentina.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2024-2032
Forecast Units

Revenue ($ Million)

Segments AnalyzedSource Type, Product Type, and End Use
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedAlbemarle Corporation, Avalon Advanced Materials Inc, Bacanora Lithium PLC, Ganfeng Lithium Co Ltd, Lithium Americas Corp, Arcadium Lithium PLC, Mineral Resources Limited, Nemaska Lithium Inc, Pilbara Minerals Ltd, Sayona Mining Limited, Sichuan Yahua Industrial Group Co Ltd, SQM SA, Tianqi Lithium Corporation
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GOVERNMENTAL BACKING IN LITHIUM MINING INITIATIVES
      2. SUSTAINABLE LITHIUM APPLICATIONS GAINING TRACTION
      3. SURGE IN ELECTRIC VEHICLE ADOPTION
      4. ENHANCED AFFORDABILITY AND PERFORMANCE OF EV BATTERIES
      5. RISING DEMAND FOR CONSUMER ELECTRONICS
    2. KEY RESTRAINTS
      1. ENVIRONMENTAL DEGRADATION FROM BRINE EXTRACTION
      2. LIMITED RECYCLING CAPACITY CREATES SUPPLY CHAIN STRAIN
      3. SLOW PERMITTING PROCESSES HINDER PRODUCTION
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. GROWING BUSINESS EXPANSION INITIATIVES 
      2. SIGNIFICANT SHIFT IN GEOGRAPHIC LANDSCAPE OF LITHIUM PRODUCTION
      3. INCREASING NEED FOR RENEWABLE ENERGY SOURCES 
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. VALUE CHAIN ANALYSIS
    5. MARKET MATURITY ANALYSIS
    6. MARKET CONCENTRATION ANALYSIS
    7. REGULATORY FRAMEWORK
  5. MARKET BY SOURCE TYPE
    1. BRINE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS 
    2. HARD ROCK
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS 
  6. MARKET BY PRODUCT TYPE
    1. LITHIUM CARBONATE 
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS 
    2. LITHIUM HYDROXIDE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS 
  7. MARKET BY END USE
    1. BATTERIES 
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. GLASS AND CERAMICS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. LUBRICANTS AND GREASE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. POLYMERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. FLUX POWDERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER USES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA LITHIUM MINING MARKET DRIVERS
      3. NORTH AMERICA LITHIUM MINING MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA LITHIUM MINING MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA LITHIUM MINING MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE LITHIUM MINING MARKET DRIVERS
      3. EUROPE LITHIUM MINING MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE LITHIUM MINING MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        6. BENELUX
          1. BENELUX LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE LITHIUM MINING MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC LITHIUM MINING MARKET DRIVERS
      3. ASIA-PACIFIC LITHIUM MINING MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC LITHIUM MINING MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        5. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        6. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC LITHIUM MINING MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD LITHIUM MINING MARKET DRIVERS
      3. REST OF WORLD LITHIUM MINING MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD LITHIUM MINING MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA LITHIUM MINING MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA LITHIUM MINING MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ALBEMARLE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      2. ARCADIUM LITHIUM PLC
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      3. AVALON ADVANCED MATERIALS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      4. BACANORA LITHIUM PLC
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      5. GANFENG LITHIUM CO LTD 
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      6. LITHIUM AMERICAS CORP 
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      7. MINERAL RESOURCES LTD 
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      8. NEMASKA LITHIUM INC
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      9. PILBARA MINERALS LTD 
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      10. SAYONA MINING LIMITED
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      11. SICHUAN YAHUA INDUSTRIAL GROUP CO. LTD. 
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      12. SQM SA
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES
      13. TIANQI LITHIUM CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS & SERVICES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – LITHIUM MINING 

TABLE 2: GLOBAL LITHIUM MINING MARKET, BY SOURCE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: GLOBAL LITHIUM MINING MARKET, BY SOURCE TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: GLOBAL BRINE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL BRINE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: GLOBAL HARD ROCK MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL HARD ROCK MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: GLOBAL LITHIUM MINING MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL LITHIUM MINING MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: GLOBAL LITHIUM CARBONATE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL LITHIUM CARBONATE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 12: GLOBAL LITHIUM HYDROXIDE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL LITHIUM HYDROXIDE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 14: GLOBAL LITHIUM MINING MARKET, BY END USE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL LITHIUM MINING MARKET, BY END USE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 16: GLOBAL BATTERIES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL BATTERIES MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 18: GLOBAL GLASS AND CERAMICS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL GLASS AND CERAMICS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION) 

TABLE 20: GLOBAL LUBRICANTS AND GREASE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL LUBRICANTS AND GREASE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 22: GLOBAL POLYMERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23: GLOBAL POLYMERS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 24: GLOBAL FLUX POWDERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: GLOBAL FLUX POWDERS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 26: GLOBAL OTHER USES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: GLOBAL OTHER USES MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 28: GLOBAL LITHIUM MINING MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 29: GLOBAL LITHIUM MINING MARKET, BY GEOGRAPHY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 30: NORTH AMERICA LITHIUM MINING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 31: NORTH AMERICA LITHIUM MINING MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 32: KEY PLAYERS OPERATING IN NORTH AMERICA LITHIUM MINING MARKET

TABLE 33: EUROPE LITHIUM MINING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 34: EUROPE LITHIUM MINING MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 35: KEY PLAYERS OPERATING IN EUROPE LITHIUM MINING MARKET

TABLE 36: ASIA-PACIFIC LITHIUM MINING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 37: ASIA-PACIFIC LITHIUM MINING MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 38: KEY PLAYERS OPERATING IN ASIA-PACIFIC LITHIUM MINING MARKET

TABLE 39: REST OF WORLD LITHIUM MINING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 40: REST OF WORLD LITHIUM MINING MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 41: KEY PLAYERS OPERATING IN REST OF WORLD LITHIUM MINING MARKET

TABLE 42: LIST OF MERGERS & ACQUISITIONS

TABLE 43: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 44: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: GROWTH PROSPECT MAPPING FOR POLAND

FIGURE 5: GROWTH PROSPECT MAPPING FOR CHINA

FIGURE 6: GROWTH PROSPECT MAPPING FOR BRAZIL 

FIGURE 7: VALUE CHAIN ANALYSIS

FIGURE 8: MARKET MATURITY ANALYSIS

FIGURE 9: MARKET CONCENTRATION ANALYSIS

FIGURE 10: GLOBAL LITHIUM MINING MARKET, GROWTH POTENTIAL, BY SOURCE TYPE, IN 2023

FIGURE 11: GLOBAL LITHIUM MINING MARKET, BY BRINE, 2024-2032 (IN $ MILLION)

FIGURE 12: GLOBAL LITHIUM MINING MARKET, BY HARD ROCK, 2024-2032 (IN $ MILLION) 

FIGURE 13: GLOBAL LITHIUM MINING MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2023

FIGURE 14: GLOBAL LITHIUM MINING MARKET, BY LITHIUM CARBONATE, 2024-2032 (IN $ MILLION)

FIGURE 15: GLOBAL LITHIUM MINING MARKET, BY LITHIUM HYDROXIDE, 2024-2032 (IN $ MILLION) 

FIGURE 16: GLOBAL LITHIUM MINING MARKET, GROWTH POTENTIAL, BY END USE, IN 2023

FIGURE 17: GLOBAL LITHIUM MINING MARKET, BY BATTERIES, 2024-2032 (IN $ MILLION)

FIGURE 18: GLOBAL LITHIUM MINING MARKET, BY GLASS AND CERAMICS, 2024-2032 (IN $ MILLION)

FIGURE 19: GLOBAL LITHIUM MINING MARKET, BY LUBRICANTS AND GREASE, 2024-2032 (IN $ MILLION)

FIGURE 20: GLOBAL LITHIUM MINING MARKET, BY POLYMERS, 2024-2032 (IN $ MILLION) 

FIGURE 21: GLOBAL LITHIUM MINING MARKET, BY FLUX POWDERS, 2024-2032 (IN $ MILLION)

FIGURE 22: GLOBAL LITHIUM MINING MARKET, BY OTHER USES, 2024-2032 (IN $ MILLION) 

FIGURE 23: NORTH AMERICA LITHIUM MINING MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 24: UNITED STATES LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 25: CANADA LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 26: EUROPE LITHIUM MINING MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 27: UNITED KINGDOM LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 28: GERMANY LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 29: FRANCE LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 30: ITALY LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 31: SPAIN LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 32: BENELUX LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 33: POLAND LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 34: REST OF EUROPE LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 35: ASIA-PACIFIC LITHIUM MINING MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 36: CHINA LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 37: JAPAN LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 38: INDIA LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 39: SOUTH KOREA LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 40: AUSTRALIA & NEW ZEALAND LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 41: REST OF ASIA-PACIFIC LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 42: REST OF WORLD LITHIUM MINING MARKET, REGIONAL OUTLOOK, 2023 & 2032 (IN %)

FIGURE 43: LATIN AMERICA LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FIGURE 44: MIDDLE EAST & AFRICA LITHIUM MINING MARKET, 2024-2032 (IN $ MILLION)

FAQ’s

FAQs

Health effects from lithium mining primarily revolve around exposure to harmful chemicals used in the extraction process, such as sulfuric acid and other toxic substances. Long-term exposure to these chemicals can lead to respiratory issues, skin irritation, and other health problems for workers and nearby communities.

The lithium mining industry is experiencing rapid growth due to increasing demand for lithium-ion batteries in electric vehicles and renewable energy storage systems. As a result, mining companies are expanding operations and investing in new technologies to meet rising demand.

Yes, environmental concerns exist regarding water usage and potential contamination during the extraction process. Additionally, ethical sourcing of lithium and ensuring fair labor practices are growing considerations.

Request Customization
Request Customization
Request Customization