Over the next ten years, the worldwide lithium mining industry is expected to grow at a 7% CAGR by 2031. By the end of 2021, it's anticipated that major mining companies like Albemarle, Ganfeng Lithium, Livent, Nemaska Lithium, Orocobre Limited, Sichuan Tianqi Lithium Industries, SQM, and Lithium Americas Corp will have reached 120 KT in terms of mining capacity.
Globally, operations in the lithium mining business have been scaled back during COVID-19. LCE production fell from 95 KT in Q1 2020 to 60 KT in Q2. Following this collapse, the market has fully recovered, but the damage of more than $500,000,000 has disrupted the whole supply chain of the lithium mining industry.
Get A FREE Sample Report ( Includes - Market Shares, Size, Trends, 10 Yrs Forecast & Regional Analysis ) –
https://www.factmr.com/connectus/sample?flag=S&rep_id=6988
Key Companies Profiled
- Albemarle
- Ganfeng Lithium
- Livent
- Nemaska Lithium
- Orocobre limited
- Sichuan Tianqi Lithium Industries
- SQM
- Lithium Americas Corp
Check out more related studies published by Fact.MR Research:
Lithium Carbonate Market Demand: The global lithium carbonate (Li2CO3) market demand has witnessed rapid growth at a CAGR of 11.1% over the past half-decade. However, due to the ongoing outbreak of COVID-19, battery production has taken a hit and has cascaded the effect to the lithium carbonate market.
Lithium Chloride Market Share: The global lithium chloride market share olds a valuation of US$ 1.2 billion in 2022 and with increasing demand in battery production, the market is expected to inflate at CAGR 6.3% by end of the forecast period.
Lithium difluoro(oxalato)borate Market Growth: Lithium difluoro(oxalato) borate market growth is set to register sizeable growth during 2021-2031 with a CAGR of 7.8%. Demand for the lithium difluoro(oxalato)borate will witness substantial growth recovery in the short term, with an optimistic growth outlook in the long run.
English
Arabic
Français
Español
Português
Türkçe
Dutch
Italiano
Russian
Romaian