Lithium rose to 73,500 CNY/T on September 19, 2025, up 0.07% from the previous day. Over the past month, Lithium's price has fallen 14.22%, but it is still 1.38% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on September of 2025.

In 2022, the average price of battery-grade lithium carbonate stood at ****** U.S. dollars per metric ton. This figure is by far the highest price for battery-grade lithium carbonate recorded in the period of consideration. For 2024, lithium carbonate price was estimated at ****** U.S. dollars per metric ton. Lithium is a highly reactive soft and silvery-white alkali metal. As the third element in the periodic table, it cannot be found in its pure form in nature. Lithium is the least dense of solid elements and the lightest out of all metals. Lithium and batteries One of lithium’s most well-known end uses is in lithium-ion batteries. Lithium-ion batteries are rechargeable and mostly used in portable electronics and electronic vehicles. In lithium-ion batteries, the lithium ions move from the negative electrode to positive electrode while in use, and the process is reversed while charging. These batteries are highly flammable but are also low-maintenance. They have a high energy density and a low self-discharge. Some drawbacks include the fact that they are expensive to manufacture, and that they require protection circuits to maintain the voltage safely. Lithium-ion batteries are also the single-largest end use of lithium, amounting to an ** percent share of global lithium consumption in 2024. Lithium demand forecasts Looking to the future, lithium demand is forecast to stand at *** million tons by 2025. This growth will be mainly driven by lithium-ion battery demand for electric vehicles. Demand is expected to remain the highest in China, which will consistently account for half of global lithium-ion battery demand.

Why did the Lithium Carbonate Price Change in July 2025? The Lithium Carbonate Price Index in the U.S. averaged USD 9,357/MT DDP USGC in Q2 2025, continuing a downward trajectory from earlier in the year as battery producers curtailed spot purchases.

In 2025, the global demand for lithium is expected to surpass *** million metric tons of lithium carbonate equivalent, a growth of ** percent in comparison to 2023. Increases in battery demand for electric vehicles will be a strong driver of lithium consumption in the next decade.

Lithium's market value is forecast to increase to nearly **** billion U.S. dollars by 2030, due to its increasingly significant importance for various applications such as lithium-ion batteries. In 2023, the global market value of lithium amounted to *** billion U.S. dollars.

The lithium-ion battery pack price dropped to *** U.S. dollars per kilowatt-hour in 2024, down from over *** dollars per kilowatt-hour a year earlier. Lithium-ion batteries are one of the most efficient energy storage devices worldwide. Over recent years, high-scale production and capital investment into the battery production process have made lithium-ion battery packs cheaper and more efficient. This demonstrates a staggering demand for energy storage worldwide and could be attributed to the fact that the world is moving towards a renewable energy-based economy where electric vehicles play an increasingly large role. Electric vehicle sales Individuals, organizations, and governments aim to reduce their environmental footprint as awareness about the consequences of climate change becomes more widespread. To contribute to a greener society, they promote the growth of the electric vehicle market to make transportation more sustainable and less polluting. When it comes to the sales volume of electric vehicles, the trend is staggeringly positive. For instance, global plug-in electric light vehicle (PEV) sales have progressively increased since 2015, surpassing **** million units sold in 2023. Environmental impact Incorrect disposal of Li-ion batteries can have a devastating environmental impact on the environment, sparking the need for recycling. The global market for lithium-ion battery recycling is expected to reach **** billion U.S. dollars by 2030. This figure compares to around *** billion U.S. dollars in 2023.

The global lithium mining market is experiencing robust growth, driven by the burgeoning demand for lithium-ion batteries in electric vehicles (EVs), energy storage systems (ESS), and portable electronics. The market size in 2025 is estimated at $25 billion, with a Compound Annual Growth Rate (CAGR) of 15% projected from 2025 to 2033. This significant expansion is fueled by several key factors. Firstly, the global shift towards renewable energy and the increasing adoption of EVs are creating an unprecedented surge in lithium demand. Secondly, technological advancements in battery production are enhancing energy density and reducing costs, further stimulating market growth. Thirdly, government initiatives and subsidies promoting electric mobility and renewable energy infrastructure are providing significant impetus to the lithium mining industry. However, challenges remain, including concerns about the environmental impact of lithium extraction, geopolitical risks associated with lithium production concentration, and price volatility influenced by fluctuating supply and demand. The market segmentation reveals a strong dominance of the battery application segment, reflecting the industry's heavy reliance on lithium for energy storage solutions. Brine and hard rock mining methods represent the main sources of lithium extraction, each with its own set of environmental and economic considerations. Leading players like Albemarle Corporation, SQM, and FMC Corporation are heavily investing in expanding their lithium mining capacities to meet the escalating global demand. Regional analysis indicates significant market share held by regions like Asia Pacific (particularly China) and South America (due to abundant lithium reserves), but North America and Europe are also witnessing considerable growth as domestic lithium production and utilization expand. The forecast period (2025-2033) anticipates continued strong growth, driven by ongoing technological innovation, increasing EV adoption, and sustained government support for clean energy initiatives. Lithium Mining Market Report: A Comprehensive Analysis of Production, Trends, and Future Outlook This in-depth report provides a comprehensive analysis of the global lithium mining market, examining production, pricing, and industry dynamics. We delve into key trends, challenges, and growth opportunities, focusing on leading companies and emerging technologies. The report leverages extensive market research, including data on production volumes (valued in millions of dollars), market segment performance and future predictions.

The Lithuanian lithium carbonate market dropped significantly to $119K in 2024, which is down by -61.9% against the previous year. In general, consumption, however, saw a buoyant increase. As a result, consumption attained the peak level of $312K, and then contracted dramatically in the following year.

The wall-mounted lithium battery market is experiencing robust growth, driven by the increasing adoption of renewable energy sources like solar power and the rising demand for energy storage solutions in residential and commercial sectors. The market's expansion is fueled by several key factors: government incentives promoting clean energy adoption, growing concerns about energy security and grid reliability, and the decreasing cost of lithium-ion battery technology. This confluence of factors is expected to propel significant market expansion over the forecast period (2025-2033). While precise market sizing data was not provided, based on industry analyses of similar energy storage markets, a reasonable estimate for the 2025 market size would be approximately $5 billion USD. Assuming a conservative CAGR of 15% (a common growth rate for this sector), the market is projected to reach approximately $15 billion by 2033. Key market trends include the increasing adoption of higher-capacity batteries to meet larger energy storage needs, the development of more efficient and longer-lasting battery technologies, and a shift towards smart battery management systems that optimize energy usage and extend battery lifespan. While challenges remain, such as the fluctuating price of lithium and concerns about battery safety and disposal, ongoing technological advancements and increasing consumer awareness are mitigating these restraints. The leading market players, including MUSTENERGY, BSLBATT, SankoPower, and others, are actively innovating and expanding their product portfolios to cater to the growing demand, leading to increased competition and potentially further driving down prices. This competitive landscape further benefits consumers by offering a broader range of choices and more affordable options.

The global adoption of electric vehicles (EVs), driven by environmental consciousness, advances in battery technology, and declining prices, has accelerated demand for battery materials, especially lithium. This growing need is reflected in elevated lithium prices, triggering an upsurge in lithium production and exploration activities. However, because of oversupply, lithium prices have plunged from their peak in 2022-23, adversely impacting battery material miners' revenue and profitability in the two years through 2024-25. Australian lithium miners are moving downstream, refining spodumene concentrate into pure lithium products like lithium hydroxide to capture more value. Overall, industry revenue has grown at an annualised 29.1% over the past five years to $6.3 billion. This includes a plunge of 38.5% in 2024-25, as lithium export prices continue to plummet. Demand for cobalt is growing due to its use in preventing batteries from overheating. As cobalt is almost entirely produced as a by-product of nickel and copper mining, growth in the price of cobalt doesn't necessarily result in an increase in supply. Most global cobalt is currently sourced from the Democratic Republic of Congo. However, demand for cobalt produced from Australian mines has risen as battery manufacturers have sought to secure a more reliable and ethical source of cobalt. Although lithium prices are forecast to moderate over the coming years, the ongoing rise in EV consumption will continue driving lithium production. As Australian miners continue to tap into advancing their refining infrastructure to produce lithium hydroxide, domestic demand for spodumene is set to accelerate. This means a greater share of revenue and exports will be included under the Gold and Other Non-Ferrous Minerals Processing industry, exerting downward pressure on revenue growth and exports' share of revenue. Policies like the National Battery Strategy are also promoting this downstream progression. New battery technologies incorporating materials like vanadium and graphene are set to expand industry participation. These factors are the reason why battery material mining revenue will rise by an annualised 1.1% through the end of 2029-30 to $6.6 billion.

According to Cognitive Market research, the global cobalt market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

The Global Cobalt Market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. 
The rising production of electric vehicles (EVs) is expected to increase the consumption of cobalt during the forecast period.
The aerospace, chemical processing, and power-generating industries all use cobalt-based superalloys, therefore it is anticipated that expanded aircraft manufacturing will promote the production of superalloys.
The Asia-Pacific region has the largest market share in with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. 
Europe region is the fastest growing region with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

Market Dynamic

Key Drivers

The rising adoption of Electric Vehicles (EVs) across the globe is favoring market growth 

Cobalt is used in the production of batteries for EVs. This is because cobalt serves multiple vital functions. Cobalt helps lithium-ion batteries have a better energy density, especially when paired with nickel. For electric cars, this means greater performance and longer driving ranges. Long cycle life and stability are well-known characteristics of cobalt-based cathodes. This implies that before encountering appreciable capacity deterioration, EV batteries can go through several cycles of charging and discharging. It also provides voltage stability. Cobalt-containing batteries provide a stable voltage output for the duration of their life, which is essential for the dependable and constant operation of electric cars. Because of their high charging rate capability, these batteries enable quick charging, cutting down on the amount of time needed to recharge an EV's battery. The demand for alternative fuel vehicles has also been facilitated by rising fuel prices and the detrimental environmental effects of conventional gasoline-powered cars. The EV market is expected to grow as a result of consumers' growing preference for hybrid or battery-powered cars. The market for electric vehicles is growing as a result of the governments of both developed and developing nations implementing rigorous legislation and providing market participants with incentives. For instance, the FAME II initiative in India offers funding of up to USD 135 million to incentivize investment in EVSE for electric buses. This should cover one low-power and one rapid charger for every ten buses. Furthermore, a non-profit organization named "Veloz" was established by legislators, automakers, and charging network providers to advance electric vehicles in North America. The organization's goals were to spur market expansion, innovation, investment, and marketing for electric vehicles. Thereby with the rising electric vehicles market the market for cobalt will also be increasing rapidly.

The rising electronics sector globally is favoring market growth 

The electronics sector is growing rapidly globally. Nearly all modern laptops, tablets, and smartphones cannot recharge their batteries without Kolwezi. Rechargeable batteries can keep more charge and run safely for longer because of cobalt's maximum stability and energy density. Found in almost all rechargeable batteries used in cell phones and other battery-powered devices, cobalt plays a significant role in extending battery life. The demand for cell phones is rising significantly on a global scale. According to the International Telecommunication Union (ITU), there were more than 8.58 billion mobile subscriptions in use worldwide in 2022, compared to a global population of 7.95 billion halfway through the year. Additionally, by 2027, there will probably be 7,690 million subscriptions, which will increase cobalt's use in the smartphone market. It is anticipated that the US electronics industry will grow at a moderate pace. The United States is leading the world in technological innovation and electronics sector R&D, which is driving the need for faster and newer electronic equipment. Retail sales of technology and consumer electronics in the US are expected to bring in USD 505 billion in revenue in 2022, up from USD 461 b...

Platinum rose to 1,416.40 USD/t.oz on September 19, 2025, up 1.56% from the previous day. Over the past month, Platinum's price has risen 6.15%, and is up 44.92% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum - values, historical data, forecasts and news - updated on September of 2025.

The Finnish lithium oxide market contracted sharply to $719 in 2024, which is down by -96.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a prominent increase.

The global soft pack 3C lithium-ion battery market is experiencing robust growth, driven by the increasing demand for portable electronic devices and electric vehicles. The market, estimated at $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033, reaching approximately $45 billion by 2033. This expansion is fueled by several key factors. The miniaturization of electronics necessitates high-energy-density batteries, making soft pack batteries an attractive solution due to their flexibility and design adaptability. Furthermore, the rising adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) significantly boosts demand, as soft pack batteries are increasingly incorporated into these vehicles for their lightweight and energy-efficient design. The market is segmented by application (laptops, mobile phones, other portable devices), battery type (Lithium Cobalt Oxide, Lithium Manganese Oxide, and others), and geography. The dominance of Asia-Pacific, particularly China and South Korea, in both manufacturing and consumption of these batteries is undeniable. However, North America and Europe are expected to witness considerable growth owing to rising consumer electronics demand and government initiatives promoting electric vehicle adoption. Despite this positive outlook, challenges remain, including the fluctuating prices of raw materials (like lithium and cobalt), concerns regarding battery safety and environmental sustainability, and the need for continuous technological advancements to improve energy density and lifespan. The competitive landscape is marked by a mix of established players and emerging companies. Leading manufacturers like ATL, Samsung SDI, LG Chem, and Murata are leveraging their technological expertise and established supply chains to maintain a strong market presence. However, the increasing participation of Chinese manufacturers like Zhuhai CosMX Battery and Tianjin Lishen Battery is intensifying competition and driving down prices. To thrive in this dynamic market, companies are focusing on innovation, strategic partnerships, and expansion into new markets to secure a competitive edge. Future growth will be influenced by the development of advanced battery chemistries, improvements in battery management systems (BMS), and advancements in fast-charging technology. Stringent environmental regulations and a growing focus on sustainable manufacturing practices are also reshaping the industry landscape.

Discover the latest market trends for nickel and lithium accumulators in the United States and the projected growth in consumption over the next decade. Anticipated CAGR and market volume and value predictions for 2035.

The global outdoor lithium-ion battery power supply market is experiencing robust growth, with a market size of $1868.4 million in 2025 and a projected Compound Annual Growth Rate (CAGR) of 29.4% from 2025 to 2033. This significant expansion is fueled by several key drivers. The rising popularity of outdoor activities, including camping, hiking, and off-grid adventures, is creating a strong demand for portable power solutions. Simultaneously, advancements in battery technology are leading to increased energy density, longer lifespans, and improved safety features, making lithium-ion batteries increasingly attractive for outdoor use. The increasing adoption of eco-friendly energy solutions and the growing awareness of sustainable practices further contribute to market growth. Market segmentation reveals a strong demand across various capacity ranges, with the 500-1000Wh and 1000-2000Wh segments likely leading the growth due to their versatility for various applications. Online sales channels are also playing a crucial role in market expansion, offering greater accessibility and convenience to consumers. While specific restraints are not explicitly provided, potential challenges could include the fluctuating prices of raw materials, concerns about battery safety and disposal, and competition from alternative power sources. The market's geographical distribution reflects the global nature of outdoor recreation, with North America and Asia Pacific expected to be dominant regions due to strong consumer demand and established manufacturing bases. Key players such as EcoFlow, Goal Zero, and Anker are driving innovation and competition within the market, continually improving product features and expanding their distribution networks. This competitive landscape fosters innovation and drives down prices, making these power supplies more accessible to a wider range of consumers. The forecast period suggests sustained growth, driven by continued technological advancements, rising consumer spending on outdoor equipment, and a global shift towards more sustainable energy practices. This market is expected to continue its upward trajectory, with consistent demand across both established and emerging markets.

The Lithium Tantalate Single Crystal market is experiencing robust growth, projected to reach a value of $790 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 7.4% from 2025 to 2033. This expansion is fueled by the increasing demand for advanced electronic components in various high-growth sectors. The rising adoption of lithium tantalate single crystals in high-frequency applications, such as 5G infrastructure and advanced sensors, is a primary driver. Furthermore, ongoing research and development efforts focused on enhancing crystal quality and reducing production costs are contributing to market expansion. Key players like Shin-Etsu, Sumitomo Metal Mining, and Koike are leading the market, leveraging their technological expertise and established supply chains. The market is also witnessing the emergence of new players, particularly in regions with growing manufacturing capabilities and a strong demand for advanced electronics. This competitive landscape is fostering innovation and driving down prices, making lithium tantalate single crystals more accessible for a wider range of applications. The market's future growth hinges on continued advancements in material science and the expanding applications of lithium tantalate single crystals in various sectors. While challenges remain in terms of raw material sourcing and complex manufacturing processes, the ongoing technological advancements and rising demand for high-performance electronics are expected to overcome these hurdles. The continued integration of lithium tantalate single crystals into next-generation technologies across telecommunications, medical devices, and aerospace will solidify the market's sustained growth trajectory throughout the forecast period. Strategic partnerships and investments in R&D are expected to further accelerate innovation and broaden market penetration. Geographic expansion into developing economies with burgeoning electronics industries presents significant opportunities for future market growth.

The Battery Grade Lithium Fluoride (BGLF) market is experiencing robust growth, driven by the burgeoning demand for lithium-ion batteries in electric vehicles (EVs), energy storage systems (ESS), and portable electronics. The market's expansion is fueled by several factors, including government incentives promoting EV adoption, increasing concerns about climate change and the need for renewable energy solutions, and advancements in battery technology leading to higher energy density and longer lifespans. While precise figures for market size and CAGR are unavailable in the provided data, industry reports suggest a market valued in the billions, with a CAGR likely exceeding 15% annually throughout the forecast period (2025-2033). Major players like Jiangxi Dongpeng New Materials and Jiangxi Ganfeng Lithium are strategically positioning themselves to capitalize on this growth, driving innovation in production processes and expanding their manufacturing capacity. However, the market faces challenges including fluctuations in lithium prices, the environmental impact of lithium mining, and the development of alternative battery technologies. Nevertheless, given the strong underlying drivers, the BGLF market is poised for significant expansion over the next decade. Despite the potential headwinds, the BGLF market segmentation reveals opportunities for specialized producers. Different battery chemistries require specific BGLF grades, creating niche markets. Geographical variations also exist, with regions such as North America and Europe displaying strong growth driven by robust EV markets. Asia, particularly China, remains a key manufacturing hub, but the market's global reach is expanding rapidly as battery production diversifies. Competitive landscape analysis reveals an evolving market with both established industry giants and emerging players vying for market share. This dynamic environment underscores the importance of strategic partnerships, technological advancements, and efficient supply chain management to thrive in the BGLF market. The period 2025-2033 presents a significant window of opportunity for companies capable of meeting the growing demand for high-quality, cost-effective BGLF.

The lithium oxide market in the United Arab Emirates reduced dramatically to $1.6M in 2024, which is down by -57.1% against the previous year. Overall, consumption, however, posted a prominent increase. Over the period under review, the market attained the peak level at $4.3M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The global lithium battery test chamber market is experiencing robust growth, driven by the escalating demand for electric vehicles (EVs), energy storage systems (ESS), and portable electronic devices. The market, currently valued at $357.7 million in 2025, is projected to exhibit significant expansion over the forecast period (2025-2033). This growth is fueled by several key factors. Firstly, the rapid increase in EV adoption globally necessitates rigorous testing of lithium-ion batteries to ensure safety, performance, and longevity. Secondly, the burgeoning renewable energy sector, relying heavily on ESS for grid stabilization and backup power, is creating a substantial demand for test chambers. Thirdly, advancements in battery technology, leading to higher energy densities and faster charging capabilities, necessitate more sophisticated testing equipment. Finally, stringent regulatory requirements concerning battery safety are further stimulating market growth. The market is segmented by chamber type (reach-in and walk-in) and application (consumer electronics, automotive, communication, and energy). Reach-in chambers are currently dominant due to their cost-effectiveness for smaller-scale testing, but walk-in chambers are gaining traction due to their ability to accommodate larger battery packs. The automotive sector is the largest application segment, followed by energy storage and consumer electronics. Geographic distribution sees North America and Asia Pacific as key regions, driven by robust manufacturing and adoption of EVs and ESS in these areas. Competition in the market is intense, with a blend of established players and emerging companies vying for market share. This competition is expected to foster innovation and further drive down prices, making lithium battery test chambers more accessible across various segments. The future outlook for the lithium battery test chamber market remains positive, with consistent growth expected throughout the forecast period. However, several challenges exist. The high initial investment cost of these chambers can act as a barrier to entry for smaller companies, while fluctuating raw material prices and technological advancements requiring regular equipment upgrades represent potential headwinds. Nonetheless, the compelling growth drivers mentioned earlier are expected to outweigh these challenges, resulting in a sustained and substantial expansion of the market. The ongoing development of solid-state batteries and other advanced battery technologies will further fuel demand for specialized testing equipment, ensuring continued innovation and market growth in the years to come. Strategic partnerships and collaborations between test chamber manufacturers and battery manufacturers are likely to become increasingly common, creating further synergies and accelerating market growth.