Jun 22, 2021   SOURCE: BusinessWire

Worldwide Lithium Mining Industry to 2025 - Featuring Albemarle, Mineral Resources and Lithium Americas Among Others - ResearchAndMarkets.com

The "Lithium Mining Market - Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The global market for lithium mining is poised for stupendous expansion at more than 26% CAGR over the period of 2021-2025.

Companies Mentioned

  • Albemarle Corporation
  • SQM S.A.
  • Ganfeng Lithium Co., Ltd.
  • Tianqi Lithium
  • Mineral Resources
  • Lithium Americas Corp.
  • Livent
  • Orocobre Limited Pty Ltd

Key Insights into Lithium Mining Market:

  • Over 15 million MT lithium deposits are globally available in an extractable form
  • Chile (8.6 MMT), Australia (2.8 MMT), Argentina (1.7 MMT), and China (1MMT) lead in terms of potential/extractable lithium reserves
  • Australia and China constituted more than 60% of world's lithium production in 2019

Reliance on Lithium Continues; Extensive List of Applications Sustains Demand

Lithium mining activities are gaining strong ground on the back of an accelerating demand for electric vehicles (EVs) as they are powered by lithium-ion batteries. Frontrunners such as the UK, France, the Netherlands, Sweden, Canada, and Norway have already announced a phase-out for conventional internal combustion engine-powered cars. In addition, lithium continues to witness sustained traction in other application areas such as glass and ceramics to aluminium products, lubricants, and polymers. Application of this white metal in sectors like air treatment is crucial, which warrants decent demand through the forecast period.

Lithium will remain the area of interest for top automotive companies, battery technology giants, chemicals manufacturing companies, and governments. Investments are thus flooding the lithium mining market. Some significant strategic alliances are expected to be seen between companies and miners in the near future. Presenting an ideal material for use in dehumidification and cooling applications, lithium is witnessing heightening demand prospects. Escalating demand for lithium from air conditioning equipment manufacturers is slated to unlock multiple doors of opportunities for market participants.

Australia on the Frontier in Production of Lithium

In terms of production, Australia will continue to capture the top spot, with over half the share in global production volume. China will also remain an important market for lithium consumers, suggests the report. However, the Chile-Argentina-Bolivia cluster - popularly the Lithium Triangle, continues to face challenges thrown by existing sustainability issues raised by indigenous communities and respective governments. These stumbling blocks are preventing these three major producers to participate in global lithium export.

Contentious Angle of Lithium Mining to be a Game Changer in Future

The rise of EVs and unprecedented pace of e-mobility created an instant impression that the lithium invention is soon to bear its fruit. However, the cost-efficient processes of lithium mining that are used today prove to be highly energy- and mineral-intensive. The world is thus seemingly not meeting the ultimate goal of e-mobility, i.e., reduced environmental footprint and lowered carbon emission as mining is being performed at the cost of environment. The question that remains is can the existing lithium mining get more sustainable and more efficient.

Global leaders in EV space such as Volkswagen Group and Mercedes-Benz are pioneering the movement that would make the industry reassess its value chain to spot possibilities of creating a sustainable lithium production process that has a lower footprint and can potentially stand as an alternative to mining in future. Geothermal brines also appear to be a promising source for lithium recovery, reveals research. Utilising lithium from recycled batteries and electronic goods is being considered a viable option but the existing quantity would not suffice the current demand from all over the globe. World Bank clearly states that looking at lithium consumption by EVs alone, nearly fivefold of the current mined lithium will be required, if the global climate target is to be met in 2050.

Key Topics Covered:

1. Executive Summary

2. Market Overview

2.1. Market Definitions and Segmentations

2.2. Market Dynamics

2.2.1. Drivers

2.2.2. Restraints

2.2.3. Market Opportunities

2.2.4. Economic Trends

2.3. Value Chain Analysis

2.4. Porter's Five Forces Analysis

2.5. Covid-19 Impact

2.5.1. Supply Chain

2.5.2. End-user Customer Impact Analysis

3. Price Trends Analysis and Future Projects, 2017-2025

4. Global Lithium Mining Market Outlook, 2017-2025

5. North America Lithium Mining Market Outlook, 2017-2025

6. Europe Lithium Mining Market Outlook, 2017-2025

7. Asia Pacific Lithium Mining Market Outlook, 2017-2025

8. Latin America Lithium Mining Market Outlook, 2017-2025

9. Middle East & Africa Lithium Mining Market Outlook, 2017-2025

10. Competitive Landscape

10.1. Company Market Share Analysis, 2019

10.2. Strategic Collaborations

10.3. Company Profiles

11. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/4xpdsq