GlobalData Plc, a leading provider of market intelligence, consulting, and analytics solutions, has unveiled its latest report on the lithium mining market. The report, titled “Lithium Mining Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast,” offers a detailed and comprehensive assessment of the global lithium mining industry.

Lithium is a majorly used component in manufacturing rechargeable batteries. With a surge in demand due to the growing popularity of electric vehicles (EVs), renewable energy storage systems, and the portable consumer electronics industry are expected to increase their usage of lithium. As the world transitions towards a greener and more sustainable future, the demand for lithium is expected to soar in the coming years. The report by GlobalData Plc aims to provide industry players, investors, and stakeholders with valuable insights into the market dynamics, trends, and growth prospects of the lithium mining industry.

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Lithium Mining Market Dynamics

One of the key findings of the report is the significant growth potential of the lithium mining market. As the demand for lithium-ion batteries continues to rise, driven by the adoption of electric vehicles and the expansion of renewable energy infrastructure, the market is expected to witness substantial growth over the forecast period.  Furthermore, automakers are planning to materialize 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 the major lithium mining market players will aid in the market growth during the projected period.

The key assets in the lithium mining market are active mines, development projects, and exploration projects. 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.

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Lithium Mining Market Scope Coverage

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

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