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Global Lithium Mining Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
The process of mining rocks and brines is used to extract lithium. The washing of the sodium carbonate in the shallow ponds with PVC linings and the evaporation of the brine. Lithium compounds are widely used in ceramics and glass. The potential properties of ceramics, such as greater strength, improved coating viscosity, improved glaze color, viscosity, strength, and luster of the ceramic bodies, are thought to be the main factors driving the ceramics market and subsequently boosting the growth of the lithium mining industry as a whole.
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During the forecast period, North America is expected to grow at a CAGR of 5%. The growing popularity of electric vehicles (EVs) in the area can be credited with the regional market's growth. The two countries most likely to contribute most to the growth of the regional market are the US and Canada. The market's players are also making a variety of efforts to introduce new products. As an illustration, the Volkswagen Group announced in 2022 that 25 new electric vehicles would be introduced in North America by 2030. EV sales will probably account for 55% of all sales at that point. Due to these factors, the North American lithium mining market is anticipated to grow significantly over the forecast period.
Some of the key players in Lithium Mining market include Albemarle Corporation, Bacanora Lithium, FMC Lithium, Galaxy Resources ltd, Ganfeng Lithium Co., Ltd., Jiangxi Ganfeng Lithium Co., Ltd., Lithium Americas Corporation, Livent Corporation, MGX Minerals Inc, Mineral Resources Limited, Nemaska Lithium, Orocobre Ltd, Piedmont Lithium, Inc, Pilbara Minerals Ltd., Savannah Resources, Sichuan Tianqi Lithium Industries, Sociedad Quimica y Minera, Tianqi Lithium Corporation, Wealth Minerals Ltd and Young Corporation Ltd.
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