Global lithium production is expected to triple in four years
According to GlobalData's forecast, lithium production enters a path of high growth after a period of moderate growth (2010-2017). It's expected that within four years (by 2022) the production (or rather extraction) of lithium metal will triple to some 154,000 tons annually.
Currently, the market is below 64,000 tons, but already 86kt (kiloton) of new metal capacity comes on stream.
The total knew lithium resources have increased substantially worldwide in the past years to more than 53 million tons.
GlobalData: Global lithium production forecast
SQM - QLithium Carbonate
Highest production of lithium by country:
- Australia - 18.3 kt
- Chile - 14.1kt
- Argentina - 5.5kt
- SQM—market leader with a 25% share of global production
- Talison - 24% share
- Albemarle - 17% share
- FMC - 9% share
- Australia - 37%
- Argentina - 29%
- Canada - 16%
- Chile - 9%
- US - 6%
- Mexico - 4%
Lead image credit: Here is where the lithium comes from (Source: SQM)
Source: Green Car Congress