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.
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Key Companies Profiled
- Albemarle
- Ganfeng Lithium
- Livent
- Nemaska Lithium
- Orocobre limited
- Sichuan Tianqi Lithium Industries
- SQM
- Lithium Americas Corp
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