Lithium fell to 71,350 CNY/T on August 1, 2025, down 0.90% from the previous day. Over the past month, Lithium's price has risen 15.73%, but it is still 10.25% lower 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 August of 2025.

Why did the Lithium Hydroxide Price Change in July 2025? The Lithium Hydroxide Spot Price Index in the U.S. dropped by 3.2% in Q2 2025, with prices declining to USD 8,600/MT by the end of June.

The global battery grade lithium hydroxide (LiOH) market is experiencing robust growth, driven by the burgeoning electric vehicle (EV) sector and the expanding energy storage systems (ESS) market. The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 18% from 2025 to 2033. This significant growth is fueled by increasing demand for LiOH, a crucial component in lithium-ion batteries, as governments worldwide implement stricter emission regulations and consumers embrace electric mobility. Furthermore, the rising adoption of renewable energy sources, necessitating efficient energy storage solutions, is further bolstering market expansion. Key market segments include high-purity LiOH (≥99% and ≥99.5%) catering to diverse applications such as power batteries, consumer electronics, and large-scale energy storage. The dominance of Asia Pacific in LiOH production, owing to substantial manufacturing capacity and a strong downstream battery industry, is expected to continue throughout the forecast period. Competition within the market is intense, with major players including Livent Corporation, SQM, Albemarle, and several Chinese manufacturers fiercely vying for market share. These companies are investing heavily in expanding production capacity to meet the burgeoning demand. However, challenges remain, including the fluctuating price of lithium raw materials, potential supply chain disruptions, and the need for sustainable sourcing practices. The market's future trajectory hinges on continued technological advancements in battery technology, governmental policies promoting EV adoption and renewable energy, and the successful mitigation of supply chain vulnerabilities. Continued investment in research and development to improve LiOH production efficiency and reduce environmental impact will be crucial for sustained market growth. Geographical expansion into regions with growing demand for electric vehicles and energy storage solutions will also play a significant role in shaping the future competitive landscape. This in-depth report provides a comprehensive analysis of the global battery grade lithium hydroxide (LiOH) market, encompassing production, consumption, pricing trends, and future growth prospects. We delve into key market segments, competitive dynamics, and emerging technologies to deliver actionable insights for industry stakeholders. The report leverages extensive primary and secondary research, projecting a market valuation exceeding $10 billion by 2030. Keywords: Battery Grade LiOH, Lithium Hydroxide, LiOH Market, EV Battery, Energy Storage, Lithium-ion Battery, Battery Materials, Market Analysis, Market Forecast, Lithium Supply Chain, Lithium Price, Electric Vehicle, Renewable Energy.

According to Cognitive Market Research, the global technical grade lithium hydroxide market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 4.10% from 2023 to 2030. Growing Demand for Electric Vehicles to Drive the Market Expansion.

The importance of renewable energy and energy storage grew, particularly in light of worldwide initiatives to minimise greenhouse gas emissions and promote green energy is anticipated to drive the market growth. Spending on technical grade lithium hydroxide for stationary energy storage and electric vehicles has surged. The primary drivers of the market are the increasing demand for technical grade lithium hydroxide used in electric vehicles and the growing popularity of lithium hydroxide NCA cathode-powered power tools.

For instance, in August 2022, Ganfeng Lithium stated that it has partnered with GAC AlON in a long-term strategic cooperation to enhance the development of battery raw materials and the recycling of outdated new electric vehicle ("NEV") batteries.

Source-www.marklines.com/en/top500/catl

Novel and Enhanced Tchnology in Lithium Ion Battery to Propel Market Growth

New and improved lithium-ion battery technology is being developed as battery applications require more power and lower costs. Battery technology developments are critical to meeting consumer demand for portable devices and electric vehicles with greater battery life and faster charging periods. As a result, new materials, manufacturing methods, and battery management systems have been developed to improve the efficiency and performance of technical grade lithium hydroxide.

For instance, in May 2022, According to the International Energy Agency (IEA), electric vehicle sales are expected to reach a record high of 4.7 million units in 2021, a 43% increase over the previous year.

Market Restraints of the Technical Grade Lithium Hydroxide Market

The High Expense of Procedure Stemming from the Need for Multiple Stages and the Use of Lime, Which Generates Waste, are Hamper the Market Growth. 

Numerous common reasons of maintenance outages in processing plants that lead to reduced output, increased costs, and downtime, regardless of whether LiOH is derived from carbonate or straight from a spodumene slurry. Erosion frequently serves as a source of contaminants as well. The hardness of crystallised hydroxide is well known to those who have attempted to chip it out of equipment (more on this later). The erosion that occurs when this material is moving quickly through a pipe in the form of a turbulent hot slurry is also noteworthy.

Impact of the COVID-19 on Technical Grade Lithium Hydroxide market

The COVID-19 pandemic affected the technical grade lithium hydroxide market significantly. Lockdowns and mask mandates reduced the demand for lithium hydroxide COVID-19 influenced short-term lithium hydroxide sales. Covid-19 is causing a backlog in the lithium hydroxide supply chain. Overseas markets, primarily Japan and South Korea, bought more over 80% of China's hydroxide output. Overseas consumers are having difficulty obtaining lithium hydroxide due to customs clearance complications caused by the epidemic. Domestic users are also suffering issues as a result of transportation disruptions. They may find it increasingly difficult to obtain the material as converters work to keep their foreign customers well supplied. These effects are exacerbated by the chemical's limited shelf life. Because lithium hydroxide is highly hygroscopic and oxidative, users rarely keep considerable quantities of it on hand. What is Technical Grade Lithium Hydroxide?

Lithium hydroxide is a chemical used in the production of technical grade lithium hydroxide , ceramics, and lubricants. Lithium-ion batteries are commonly employed in electric vehicles, portable electronics, and grid energy storage systems. The market is primarily driven by rising demand for technical grade lithium hydroxide in the automotive sector. Lithium-ion batteries are commonly employed in electric vehicles due to their high energy density, extended life, and low self-discharge rates. The automotive industry is experiencing an increase in demand for technical grade lithium hydroxide . Lithium-ion batteries are commonly employed in electric vehicles due to their high energy density, extended life, and low self-discharge rates...

The battery grade lithium hydroxide (LiOH) market is experiencing robust growth, driven primarily by the burgeoning electric vehicle (EV) industry and the expanding energy storage sector. The increasing demand for lithium-ion batteries, coupled with government initiatives promoting renewable energy and stricter emission regulations, is fueling this expansion. While precise market sizing requires detailed proprietary data, a reasonable estimation based on industry reports and publicly available information suggests a 2025 market value of approximately $15 billion, projected to reach $30 billion by 2033, representing a substantial Compound Annual Growth Rate (CAGR). This growth is further supported by technological advancements enhancing battery performance and longevity, leading to increased adoption across diverse applications. Major players like Livent, SQM, Albemarle, and Tianqi Lithium are strategically positioning themselves to capitalize on this expanding market through capacity expansions and strategic partnerships, fostering competition and innovation. However, the market's growth is not without challenges. Fluctuations in lithium prices, geopolitical instability impacting raw material sourcing, and environmental concerns related to lithium mining and processing pose significant restraints. Furthermore, the market is segmented by various factors including purity levels, application types (EV batteries, energy storage systems, etc.), and geographic regions, each presenting distinct growth trajectories. The competition among established players and emerging new entrants is intensifying, requiring companies to adopt innovative production methods and efficient supply chain management to maintain market share and profitability. The long-term outlook for battery grade LiOH remains positive, contingent upon the sustained growth of the EV and renewable energy sectors and effective mitigation of the aforementioned challenges.

Get the latest insights on price movement and trend analysis of Lithium Hydroxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global battery-grade lithium hydroxide (LiOH) market is experiencing robust growth, driven by the burgeoning electric vehicle (EV) industry and the increasing demand for energy storage solutions. The market size in 2025 is estimated at $15 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 18% from 2025 to 2033. This significant expansion is fueled by several key factors. Firstly, the rapid adoption of EVs worldwide is creating an insatiable appetite for LiOH, a crucial component in lithium-ion batteries. Secondly, advancements in battery technology are improving energy density and lifespan, further boosting demand. The growing adoption of renewable energy sources and the need for efficient grid-scale energy storage also contribute significantly to the market's growth trajectory. However, challenges remain, including the fluctuating price of lithium raw materials, geopolitical uncertainties surrounding lithium mining and processing, and the potential for supply chain bottlenecks. Despite these challenges, the long-term outlook for the battery-grade LiOH market remains positive. The continuous increase in EV sales, government incentives promoting electric mobility, and ongoing research and development in battery technologies will sustain market growth. Key players in the market are focusing on strategic partnerships, capacity expansion, and technological advancements to secure their market share and meet the escalating demand. The market segmentation reveals strong growth across regions, with North America, Europe, and Asia-Pacific showing particularly promising potential due to strong EV adoption rates and government initiatives supportive of clean energy transition. The competitive landscape is characterized by a mix of established players and emerging companies, leading to innovation and price competition.

By 2025, producing battery grade lithium hydroxide globally from brine harvesting will involve, in general, more costs than from spodumene. This is because in the first process it is necessary to produce lithium carbonate as an intermediate product, to later generate lithium hydroxide. It is expected that the difference in production costs between these two processes will amount to almost 1,000 U.S. dollars per ton of lithium carbonate equivalent.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.