Press release
Lithium Mining Is Anticipated To Add An Incremental Opportunity Of Us$ 75 Mn Each Year Till 2031
According to the latest study by Fact.MR, the is anticipated to surge at a CAGR of 7% over the decade. It is anticipated that the mining capabilities of prominent mining agencies such as Albemarle, Ganfeng Lithium, Livent, Nemaska Lithium, Orocobre limited, Sichuan Tianqi Lithium Industries, SQM, and Lithium Americas Corp will reach 120 KT by 2021-endTo Get In-depth Information View Full Report – https://www.factmr.com/report/lithium-mining-market
According to Fact.MR, a market research and competitive intelligence provider, over the past half-decade, lithium prices increased on the back of rising demand for li-Ion batteries that are exclusively used in electric vehicles. Dynamic shift in automotive policies coupled with rise in fuel prices across regions surged demand for electric vehicles. Rise in demand for electric vehicles, has, in turn, cascaded the effect to rising procurement orders for batteries, which has led to increasing lithium prices.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=217
In the scenario of lithium production, rampant price rise is an issue not only for consumers but also for lithium producers. To counter this issue of price rise, lithium mining giants such as SQM, Livent, Ganfeng, and Tianqui, among others, have enacted upon enhancing their investments for expanding their mining sites to stabilize price points well below 10% of the market ceiling price.
Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=217
Apart from price rise, lithium mining giants have adopted efficient mining methods that not only enhance the recovery of lithium from brines but also effectively maintain their margins throughout mining terms. This is anticipated to positively impact mining operations as well as product supply.
From the supply and demand side, optimum mining conditions and rising demand for lithium-ion batteries will bolster the need for lithium mining.
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=217
Key Takeaways from Study
The lithium mining market is estimated to expand 2.2X its current market value by 2031.
Hard rock is the most prominent way of mining lithium, and this material dominates demand as far as lithium mining is concerned.
Battery end use of lithium is anticipated to add an incremental opportunity of US$ 75 Mn each year till 2031.
Top 5 players capture nearly 75% of lithium mining across the globe.
Lithium Mining Industry Key Segments
Source
Brine
Hard Rock
Others
Type
Lithium Carbonate
Lithium Hydroxide
By End Use
Batteries
Glass & Ceramics
Grease
Polymers
Flux Powder
Refrigeration
Others
For More Insights- https://www.newswire.co.kr/newsRead.php?no=923711
US Sales Office:
11140 Rockville Pike,
Suite 400, Rockville,
MD 20852,
United States,
Tel: +1 (628) 251-1583,
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lithium Mining Is Anticipated To Add An Incremental Opportunity Of Us$ 75 Mn Each Year Till 2031 here
News-ID: 2537080 • Views: …
More Releases from Fact MR

Global Feed Grain Market Gains Traction With $69.9 Billion Valuation Forecast by …
The global feed grain market is a crucial pillar of the agricultural and animal husbandry sectors. Feed grains, such as corn, wheat, barley, oats, sorghum, and rye, form the foundation of livestock diets, fueling growth and productivity across poultry, cattle, swine, and aquaculture industries. With the growing global demand for meat, dairy, and animal-derived products, feed grains play an essential role in sustaining the supply chain. As the population increases…

Edible Food Perfumes Market Set to Flourish Amid Rising Culinary Innovations Glo …
The global edible food perfumes market is undergoing a transformative shift, as the intersection of sensory indulgence and culinary innovation fuels demand for novel food experiences. Edible food perfumes-aromatic sprays or essences applied directly to food or used during preparation-are quickly emerging as a premium trend in the global food and beverage industry. Designed to enhance flavor perception through olfactory stimulation, these fragrances offer consumers a multisensory experience that elevates…

Global Alginate Market Gains Traction Amid Rising Demand Across Key Applications
The global alginate market is steadily gaining momentum, driven by the diverse applications of this natural polysaccharide in industries ranging from food and beverage to pharmaceuticals and textiles. Derived from brown seaweed, alginate has found increasing relevance due to its unique thickening, gelling, and stabilizing properties. As consumer preference shifts towards clean-label, plant-based, and environmentally sustainable ingredients, the demand for alginate is rising across the globe. The market is poised…

Global Food-Grade Molds Market Poised for Expansion With 3.2% CAGR Over the Next …
The food industry is undergoing a remarkable transformation, driven by innovations in manufacturing technologies and increasing demand for quality, safety, and consistency. Among the many unsung heroes facilitating this evolution are food grade molds-essential tools that play a pivotal role in shaping, forming, and maintaining hygiene standards during food production. The global food grade molds market is witnessing significant expansion, fueled by advancements in food processing, increasing demand for customized…
More Releases for Lithium
Lithium Compounds Market To Witness Massive Growth | Competitive Outlook Albemar …
Lithium compounds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account 20.04 billion by 2027 growing with the CAGR of 20.90% in the above-mentioned forecast period. Huge investments in infrastructure developments is a vital factor driving the growth of lithium compounds market swiftly.
The Lithium Compounds Market research report assesses the ongoing as well as future…
Lithium Compounds Market 2020-2025 Global Analysis & Opportunity Assessment | Li …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Analysis & Industry Outlook 2019-2025| Livent Corporati …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Scenario & Industry Outlook 2019-2025| Livent Corporati …
The global lithium compound market size is projected to reach over USD 9 billion by 2025.The report on lithium compound market is aimed to equip report readers with versatile understanding on diverse marketing opportunities that are rampantly available across regional hubs. A thorough assessment and evaluation of these factors are likely to influence incremental growth prospects in the lithium compound market.
Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1445
Additionally, in this…
Lithium Fluoride Market players Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo …
The developing in the glass, optics and electronic and electrical industries has initiated a high demand for Lithium and related compounds. Lithium and lithium based compounds are one the key substances that have dynamic usage, either as a feedstock or as product. One of the most commercially important compound is Lithium fluoride. Lithium fluoride is an odorless, crystalline lithium salt manufactured by the reaction of lithium hydroxide with hydrogen fluoride.…
Lithium Hydroxide Market | Key Players are FMC Corporation, Sociedad Quimica Min …
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds…