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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About GlobalData Plc
GlobalData Plc is a leading provider of business intelligence, analytics, and consulting services across a wide range of industries. With a global presence and a reputation for delivering high-quality, reliable insights, we empower organizations to make informed decisions and drive strategic growth.
At GlobalData, we believe that data is the foundation of effective decision-making. Our comprehensive data sets, combined with advanced analytics and industry expertise, enable us to deliver actionable insights and transformative solutions to our clients. Whether you are a multinational corporation, a government agency, or a small to medium-sized enterprise, we are committed to helping you navigate the complexities of your industry and achieve success.
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