Lithium mining is the extraction of lithium from various sources such as hard rocks and brines. Producing lithium from brines is a cost-effective and the most efficient process. Byproducts extracted from lithium mining include saleable compounds such as boron or potash. Other alternative sources used to extract lithium are heavy oil wastewater and hydraulic fracturing brine. Further, the increasing use of lithium in lubricants, batteries, and steel and aluminum production, and others, is creating opportunities for the lithium mining market in the coming years.
Based on the source, lithium is mainly extracted from brine water sources such as seawater and groundwater, and other surface water sources. Among brine water sources, briny lakes offer the highest concentration of lithium. However, lithium mining is affected by changing weather conditions, which is restraining the demand for lithium mining from brine deposits in recent years. Further, the hard rock lithium deposit is expected to witness the fastest growth during the forecast period. Hard rock lithium deposits are less dependent on changing climate for production and are evenly distributed across the globe. Owing to this, lithium mining from hard rocks is expected to grow in the coming years.
Based on the type, lithium hydroxide dominated the market in 2018, owing to the high standard and superior performance offered by the product. This product is widely used in glass, metal castings, and others. Based on applications, the battery segment holds a significant share owing to the high consumption of the metal in the production of electric and hybrid vehicles, energy storage systems, lithium-ion batteries, and others.
Asia pacific dominated the market in 2018 and is expected to show similar trends during the forecast period. The increasing adoption of lightweight metals in batteries, glass, grease, and others is driving the growth of the lithium mining market in the region. China is leading the Asia market as the region has highly concentrated lithium deposits.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Lithium Mining Market, 2016-2023, (US$ Mn)
2.1 Market Snapshot: Global Lithium Mining Market
2.2 Market Dynamics
2.3 Global Lithium Mining Market, by Segment, 2018
2.3.1 Global Lithium Mining Market, by Source, 2018, (US$ Mn)
2.3.2 Global Lithium Mining Market, by Type, 2018,(US$ Mn)
2.3.3 Global Lithium Mining Market, by Application, 2018,(US$ Mn)
2.3.4 Global Lithium Mining Market, by Region, 2018 (US$ Mn)
2.4 Premium Insights
2.4.1 Lithium Mining Market In Developed Vs. Developing Economies, 2018 vs 2023
2.4.2 Global Lithium Mining Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 The changing customer expectation
3.2.2 The increasing government initiatives
3.2.3 Driver 3
3.3 Market Restraints
3.3.1 Lack of professional expertise
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 The unmanageable amount of data volume across various industries
3.4.2 Opportunity 2
3.5 Industry Value Chain Analysis
3.5.1 Analyst’s Views
3.6 Industry SWOT Analysis
Chapter 4 Global Lithium Mining Market, by Source
4.1 Market Overview, by Source
4.1.1 Global Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
4.1.2 Incremental Opportunity, by Source, From 2018-2023
4.2 Brines
4.2.1 Global Lithium Mining Market, by Brines, 2016-2023, (US$ Mn)
4.3 Hard Rocks
4.3.1 Global Lithium Mining Market, by Hard Rocks, 2016-2023, (US$ Mn)
Chapter 5 Global Lithium Mining Market, by Type
5.1 Market Overview, by Type
5.1.1 Global Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
5.1.2 Incremental Opportunity, by Type , From 2018-2023
5.2 Lithium Hydroxide
5.2.1 Global Lithium Mining Market, by Lithium Hydroxide, 2016-2023, (US$ Mn)
5.3 Lithium Carbonate
5.3.1 Global Lithium Mining Market, by Lithium Carbonate, 2016-2023, (US$ Mn)
Chapter 6 Global Lithium Mining Market, by Application
6.1 Market Overview, by Application
6.1.1 Global Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
6.1.2 Incremental Opportunity, by Application, From 2018-2023
6.2 Batteries
6.2.1 Global Lithium Mining Market, by Batteries, 2016-2023, (US$ Mn)
6.3 Glass
6.3.1 Global Lithium Mining Market, by Glass, 2016-2023, (US$ Mn)
6.4 Grease
6.4.1 Global Lithium Mining Market, by Grease, 2016-2023, (US$ Mn)
6.5 Air Conditioning Equipment
6.5.1 Global Lithium Mining Market, by Air Conditioning Equipment, 2016-2023, (US$ Mn)
6.6 Others
6.6.1 Global Lithium Mining Market, by Others, 2016-2023, (US$ Mn)
Chapter 7 Global Lithium Mining Market, by Region
7.1 Market Overview, by Region
7.1.1 Global Lithium Mining Market, by Region, 2016-2023, (US$ Mn)
7.2 Attractive Investment Opportunity, by Region, 2018
7.3 North America Lithium Mining Market
7.3.1 North America Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
7.3.2 North America Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
7.3.3 North America Lithium Mining Market, by Application , 2016-2023 (US$ Mn)
7.3.4 United States Country Profile
7.3.4.1 United States Lithium Mining Market, 2016-2023 (US$ Mn)
7.3.5 Canada Country Profile
7.3.5.1 Canada Lithium Mining Market, 2016-2023 (US$ Mn)
7.3.6 Mexico Country Profile
7.3.6.1 Mexico Lithium Mining Market, 2016-2023 (US$ Mn)
7.4 Europe Lithium Mining Market
7.4.1 Europe Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
7.4.2 Europe Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
7.4.3 Europe Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
7.4.4 United Kingdom Country Profile
7.4.4.1 United Kingdom Lithium Mining Market, 2016-2023 (US$ Mn)
7.4.5 Germany Country Profile
7.4.5.1 Germany Lithium Mining Market, 2016-2023 (US$ Mn)
7.4.6 France Country Profile
7.4.6.1 France Lithium Mining Market, 2016-2023 (US$ Mn)
7.4.7 Italy Country Profile
7.4.7.1 Italy Lithium Mining Market, 2016-2023 (US$ Mn)
7.4.8 Spain Country Profile
7.4.8.1 Spain Lithium Mining Market, 2016-2023 (US$ Mn)
7.4.9 Rest of Europe
7.4.9.1 Rest of Europe Lithium Mining Market, 2016-2023 (US$ Mn)
7.5 Asia Pacific Lithium Mining Market
7.5.1 Asia Pacific Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
7.5.2 Asia Pacific Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
7.5.3 Asia Pacific Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
7.5.4 China Country Profile
7.5.4.1 China Lithium Mining Market, 2016-2023 (US$ Mn)
7.5.5 Japan Country Profile
7.5.5.1 Japan Lithium Mining Market, 2016-2023 (US$ Mn)
7.5.6 India Country Profile
7.5.6.1 India Lithium Mining Market, 2016-2023 (US$ Mn)
7.5.7 South Korea Country Profile
7.5.7.1 South Korea Lithium Mining Market, 2016-2023 (US$ Mn)
7.5.8 Southeast Asia Country Profile
7.5.8.1 Southeast Asia Lithium Mining Market, 2016-2023 (US$ Mn)
7.5.9 Rest of Asia Pacific
7.5.9.1 Rest of Asia Pacific Lithium Mining Market, 2016-2023 (US$ Mn)
7.6 Latin America Lithium Mining Market
7.6.1 Latin America Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
7.6.2 Latin America Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
7.6.3 Latin America Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
7.6.4 Brazil Country Profile
7.6.4.1 Brazil Lithium Mining Market, 2016-2023 (US$ Mn)
7.6.5 Argentina Country Profile
7.6.5.1 Argentina Lithium Mining Market, 2016-2023 (US$ Mn)
7.6.6 Rest of Latin America
7.6.6.1 Rest of Latin America Lithium Mining Market, 2016-2023 (US$ Mn)
7.7 Middle East & Africa Lithium Mining Market
7.7.1 Middle East & Africa Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
7.7.2 Middle East & Africa Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
7.7.3 Middle East & Africa Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
7.7.4 South Africa
7.7.4.1 South Africa Lithium Mining Market, 2016-2023 (US$ Mn)
7.7.5 GCC
7.7.5.1 GCC Lithium Mining Market, 2016-2023 (US$ Mn)
7.7.6 Rest of Middle East & Africa
7.7.6.1 Rest of Middle East & Africa Lithium Mining Market, 2016-2023 (US$ Mn)
Chapter 8 Competitive Intelligence
8.1 Market Players Present in Market Life Cycle
8.2 Top 5 Players Comparison
8.3 Market Positioning of Key Players, 2018
8.4 Market Players Mapping
8.4.1 By Source
8.4.2 By Type
8.4.3 By Application
8.4.4 By Region
8.5 Strategies Adopted by Key Market Players
8.6 Recent Developments in the Market
8.6.1 Mergers & Acquisitions, Partnership, New Product Developments
8.7 Operational Efficiency Comparison by Key Players
Chapter 9 Company Profiles
9.1 SQM S.A.
9.1.1 SQM S.A. Overview
9.1.2 Key Stakeholders/Person in SQM S.A.
9.1.3 SQM S.A. Co. Products Portfolio
9.1.4 SQM S.A. Financial Overview
9.1.5 SQM S.A. Co. News/Recent Developments
9.2 Albemarle Corporation
9.2.1 Albemarle Corporation Overview
9.2.2 Key Stakeholders/Person in Albemarle Corporation
9.2.3 Albemarle Corporation Products Portfolio
9.2.4 Albemarle Corporation Financial Overview
9.2.5 Albemarle Corporation News/Recent Developments
9.3 FMC Corporation
9.3.1 FMC Corporation Overview
9.3.2 Key Stakeholders/Person in FMC Corporation
9.3.3 FMC Corporation Products Portfolio
9.3.4 FMC Corporation Financial Overview
9.3.5 FMC Corporation News/Recent Developments
9.4 Jiangxi Ganfeng Lithium Co., Ltd.
9.4.1 Jiangxi Ganfeng Lithium Co., Ltd. Overview
9.4.2 Key Stakeholders/Person in Jiangxi Ganfeng Lithium Co., Ltd.
9.4.3 Jiangxi Ganfeng Lithium Co., Ltd. Products Portfolio
9.4.4 Jiangxi Ganfeng Lithium Co., Ltd. Financial Overview
9.4.5 Jiangxi Ganfeng Lithium Co., Ltd. News/Recent Developments
9.5 Tianqi Lithium Corporation
9.5.1 Tianqi Lithium Corporation Overview
9.5.2 Key Stakeholders/Person in Tianqi Lithium Corporation
9.5.3 Tianqi Lithium Corporation Products Portfolio
9.5.4 Tianqi Lithium Corporation Financial Overview
9.5.5 Tianqi Lithium Corporation News/Recent Developments
9.6 Lithium Americas Corp.
9.6.1 Lithium Americas Corp. Overview
9.6.2 Key Stakeholders/Person in Lithium Americas Corp.
9.6.3 Lithium Americas Corp. Products Portfolio
9.6.4 Lithium Americas Corp. Financial Overview
9.6.5 Lithium Americas Corp. News/Recent Developments
9.7 Nemaska Lithium Inc.
9.7.1 Nemaska Lithium Inc. Overview
9.7.2 Key Stakeholders/Person in Nemaska Lithium Inc.
9.7.3 Nemaska Lithium Inc. Products Portfolio
9.7.4 Nemaska Lithium Inc. Financial Overview
9.7.5 Nemaska Lithium Inc. News/Recent Developments
9.8 MGX Minerals Inc.
9.8.1 MGX Minerals Inc. Overview
9.8.2 Key Stakeholders/Person in MGX Minerals Inc.
9.8.3 MGX Minerals Inc. Products Portfolio
9.8.4 MGX Minerals Inc. Financial Overview
9.8.5 MGX Minerals Inc. News/Recent Developments
9.9 Wealth Minerals Ltd
9.9.1 Wealth Minerals Ltd Overview
9.9.2 Key Stakeholders/Person in Wealth Minerals Ltd
9.9.3 Wealth Minerals Ltd Products Portfolio
9.9.4 Wealth Minerals Ltd Financial Overview
9.9.5 Wealth Minerals Ltd News/Recent Developments
9.10 Galaxy Resources Limited
9.10.1 Galaxy Resources Limited Overview
9.10.2 Key Stakeholders/Person in Galaxy Resources Limited
9.10.3 Galaxy Resources Limited Products Portfolio
9.10.4 Galaxy Resources Limited Financial Overview
9.10.5 Galaxy Resources Limited News/Recent Developments
TABLE 1 Market Snapshot: Global Lithium Mining Market Value
TABLE 2 Global Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
TABLE 3 Global Lithium Mining Market, by Type , 2016-2023
TABLE 4 Global Lithium Mining Market, by Application, 2016-2023
TABLE 5 Global Lithium Mining Market, by Region, 2016-2023 (US$ Mn)
TABLE 6 North America Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
TABLE 7 North America Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
TABLE 8 North America Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
TABLE 9 Europe Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
TABLE 10 Europe Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
TABLE 11 Europe Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
TABLE 12 Asia Pacific Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
TABLE 13 Asia Pacific Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
TABLE 14 Asia Pacific Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
TABLE 15 Latin America Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
TABLE 16 Latin America Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
TABLE 17 Latin America Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
TABLE 18 Middle East & Africa Lithium Mining Market, by Source, 2016-2023 (US$ Mn)
TABLE 19 Middle East & Africa Lithium Mining Market, by Type , 2016-2023 (US$ Mn)
TABLE 20 Middle East & Africa Lithium Mining Market, by Application, 2016-2023 (US$ Mn)
TABLE 21 Top 5 Players Comparison
TABLE 22 Market Players Mapping – By Source
TABLE 23 Top Players Market Mapping – By Type
TABLE 24 Top Players Market Mapping – By Application
TABLE 25 Top Players Market Mapping – By Region
TABLE 26 Strategies Adopted by Key Market Players
TABLE 27 Mergers & Acquisitions, Partnership, New Product Developments
TABLE 28 SQM S.A. Overview
TABLE 29 Key Stakeholders/Person in SQM S.A.
TABLE 30 SQM S.A. Co. Product Portfolio
TABLE 31 SQM S.A. Co. News/Recent Developments
TABLE 32 Albemarle Corporation Overview
TABLE 33 Key Stakeholders/Person in Albemarle Corporation
TABLE 34 Board of Director
TABLE 35 Albemarle Corporation Product Portfolio
TABLE 36 Albemarle Corporation News/Recent Developments
TABLE 37 FMC Corporation Overview
TABLE 38 Key Stakeholders/Person in FMC Corporation
TABLE 39 Board of Director
TABLE 40 FMC Corporation Product Portfolio
TABLE 41 FMC Corporation News/Recent Developments
TABLE 42 Jiangxi Ganfeng Lithium Co., Ltd. Overview
TABLE 43 Key Stakeholders/Person in Jiangxi Ganfeng Lithium Co., Ltd.
TABLE 44 Board of Director
TABLE 45 Jiangxi Ganfeng Lithium Co., Ltd. Product Portfolio
TABLE 46 Jiangxi Ganfeng Lithium Co., Ltd. News/Recent Developments
TABLE 47 Tianqi Lithium Corporation Overview
TABLE 48 Key Stakeholders/Person in Tianqi Lithium Corporation
TABLE 49 Board of Director
TABLE 50 Tianqi Lithium Corporation Product Portfolio
TABLE 51 Tianqi Lithium Corporation News/Recent Developments
TABLE 52 Lithium Americas Corp. Overview
TABLE 53 Key Stakeholders/Person in Lithium Americas Corp.
TABLE 54 Board of Director
TABLE 55 Lithium Americas Corp. Product Portfolio
TABLE 56 Lithium Americas Corp. News/Recent Developments
TABLE 57 Nemaska Lithium Inc. Overview
TABLE 58 Key Stakeholders/Person in Nemaska Lithium Inc.
TABLE 59 Board of Director
TABLE 60 Nemaska Lithium Inc. Product Portfolio
TABLE 61 Nemaska Lithium Inc. News/Recent Developments
TABLE 62 MGX Minerals Inc. Overview
TABLE 63 Key Stakeholders/Person in MGX Minerals Inc.
TABLE 64 Board of Director
TABLE 65 MGX Minerals Inc. Product Portfolio
TABLE 66 MGX Minerals Inc. News/Recent Developments
TABLE 67 Wealth Minerals Ltd Overview
TABLE 68 Key Stakeholders/Person in Wealth Minerals Ltd
TABLE 69 Board of Director
TABLE 70 Wealth Minerals Ltd Product Portfolio
TABLE 71 Wealth Minerals Ltd News/Recent Developments
TABLE 72 Galaxy Resources Limited Overview
TABLE 73 Key Stakeholders/Person in Galaxy Resources Limited
TABLE 74 Board of Director
TABLE 75 Galaxy Resources Limited Product Portfolio
TABLE 76 Galaxy Resources Limited News/Recent Developments
