Lithium decreased 750 CNY/T or 1.00% since the beginning of 2025, 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 March of 2025.

In 2022, the average price of battery-grade lithium carbonate stood at 71,000 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 14,000 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 has 3 protons in its nucleus and three electrons around it. Because it is highly reactive, 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 87 percent share of global lithium consumption in 2024. Lithium demand forecasts Looking to the future, lithium demand is forecast to stand at 1.4 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.

Lithium-ion battery pack price dropped to 115 U.S. dollars per kilowatt-hour in 2024, down from over 144 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 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 the 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 13.7 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 13.5 billion U.S. dollars by 2030. This figure compares to around 3.5 billion U.S. dollars in 2023.

During the last quarter of 2024, the lithium carbonate prices in the USA reached 10,842 USD/MT in December. As per the lithium carbonate price chart, due to excess and little demand, the market saw fluctuations. At first, prices stayed constant, but when supply exceeded demand, they began to decline. The market was soon dominated by lower-priced cargoes after a brief price spike brought on by expensive imports.

Explore IMARC’s newly published report, titled “Lithium Carbonate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of lithium carbonate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Platinum increased 78.50 USD/t oz. or 8.78% since the beginning of 2025, 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 March of 2025.

In the 2024 financial year, Australia’s lithium exports were valued at approximately 9.9 billion Australian dollars. Forecasts show that by the 2026 financial year, this figure will decrease to around 8.2 billion Australian dollars. How is lithium used? Lithium is predominantly used as a component of rechargeable batteries for electronic devices such as mobiles, laptops, and cameras, as well as for electric vehicles. Before being used in batteries, it is mined in the form of lithium ore. Australia has a dominant global position in lithium mining. The country produces significant quantities of lithium, and this is expected to increase over the next few years. The future of lithium Lithium consumption has continued to rise across the globe, as manufactures continue to adapt to the growing demands from consumers. With lithium-ion batteries used across many different applications and technology continuing to advance, the cost of lithium-ion batteries will likely decrease over time. A challenge faced by lithium battery manufacturers is efficiently recycling them. This may prove to be a lucrative market in the future, with the size of the global market for lithium-ion battery recycling poised to increase significantly in the next decade.

Cobalt increased 9,310 USD/T or 38.31% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cobalt - values, historical data, forecasts and news - updated on March of 2025.

According to Cognitive Market Research, the global Lithium Air Battery market size will be USD 11245.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 9.60%from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 4498.24 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3373.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2586.49 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.6% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 562.28 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 224.91 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2025 to 2033.
The automotive segment is the dominant end-use category in the Lithium Air Battery market, primarily due to the increasing adoption of electric vehicles (EVs).

Market Dynamics of Lithium Air Battery Market

Key Drivers for Lithium Air Battery Market

Growing Demand for Electric Vehicles (EVs) to Boost Market Growth

The rising global demand for electric vehicles (EVs) is a significant driver for the Lithium Air Battery market. As governments worldwide push for cleaner, greener transportation options, the automotive industry is transitioning to electric vehicles, which require advanced energy storage solutions. Lithium Air batteries are considered a promising option due to their high-energy density, which allows EVs to travel longer distances on a single charge. As the electric vehicle market continues to expand, the demand for more efficient, lightweight, and high-capacity batteries, such as Lithium Air batteries, will continue to rise, driving market growth. For instance, In January 2022, researchers at Japan's National Institute of Materials (NIMS) and Softbank Corp. announced the development of a lithium-air battery with an energy density of over 500Wh/kg, which is significantly higher than current lithium-ion batteries

(Source: https://www.sciencedaily.com/releases/2022/01/220120140724.htm)

Increasing Demand for Renewable Energy Storage to Drive Market Growth

Another key driver for the Lithium Air Battery market is the growing need for energy storage solutions in renewable energy systems. As the world shifts towards renewable energy sources like solar and wind, the challenge of intermittency arises. Lithium Air batteries are highly suitable for storing excess energy generated during peak production periods and discharging it when demand is high. This ability to store large amounts of energy for later use makes Lithium Air batteries ideal for integrating renewable energy into the grid, boosting the demand for these batteries in energy storage systems and supporting their market growth.

Restraint Factor for the Lithium Air Battery Market

High Manufacturing Costs and Complexity, will Limit Market Growth

Despite the promising benefits, one major restraint to the widespread adoption of Lithium Air batteries is their high manufacturing costs and the complexity of production. The technology required to manufacture these batteries is still in its developmental stages, and the materials used are expensive and difficult to source. Additionally, the production process involves intricate steps that add to the cost. As a result, the high cost of Lithium Air batteries poses a significant barrier for large-scale adoption, particularly in industries where cost-effectiveness is crucial, such as consumer electronics and electric vehicles.

Market Trends in Lithium Air Battery Market

Advancements in Battery Technology

The Lithium Air Battery market is witnessing significant advancements in battery technology aimed at improving energy density, efficiency, and stability. Researchers and manufacturers are focusing on enhancing the overall performance of Lithium Air batteries by addressing issues such as their limited cycle life and susceptibility to degradation over time. Innovations in materials, such as the development of more stable cat...

According to Cognitive Market Research, the global stationary battery storage market size will be USD 101542.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 25.6% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 40617 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 30462.8 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 23354.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5077.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2030.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.3% from 2024 to 2031.
The lead acid battery type category held the highest stationary battery storage market revenue share in 2024.

Market Dynamics of Stationary Battery Storage Market

Key Drivers for Stationary Battery Storage Market

Increased Demand for Renewable Energy Integration to Promote Market Growth

The growing demand for renewable energy integration is a major driver for the stationary battery storage market size due to the intermittent nature of sources like solar and wind. These sources generate electricity unpredictably, creating a need for reliable storage solutions to balance supply and demand. Stationary batteries store excess energy when production is high and release it during low production periods, stabilizing the grid and supporting renewable energy adoption. Besides, supportive government policies and incentives further drive the global market by reducing financial barriers and encouraging the implementation of energy storage systems, which are crucial for a sustainable energy transition.

Rising Global Production of Electric Vehicles to Fuel Market Demand

The rapid growth of the electric vehicle (EV) sector is increasing the robust demand for reliable energy storage solutions, particularly in the form of stationary battery storage systems. As EV adoption surges worldwide, the requirements for extensive and efficient charging networks become important. Stationary battery storage systems play an essential role in managing the increased electricity demand from EV charging, especially during peak periods. They help balance grid load by storing energy during off-peak hours and supplying it when demand spikes, thus preventing grid overloads. Moreover, these systems enable fast-charging stations to operate efficiently and support the integration of renewable energy into EV charging infrastructure, which makes the entire system more sustainable and reduces the need for costly grid upgrades.

Restraint Factor for the Stationary Battery Storage Market

High Initial Costs Coupled with Long Payback Periods to Limit Market Size

The initial investment required for stationary battery storage systems can be substantial, particularly for large-scale installations. This includes the cost of the batteries themselves, which can be expensive depending on the technology used (e.g., lithium-ion, flow batteries), as well as the costs associated with integrating these systems into existing infrastructure. This high upfront cost can be a significant barrier for businesses, utilities, and even residential users. Beyond the cost of the batteries, there are additional expenses related to installation, which may require specialized labor and equipment. Maintenance costs, though generally lower than initial setup costs, can also add up over time, particularly as battery systems age and their efficiency declines.

Impact of Covid-19 on the Stationary Battery Storage Market

The COVID-19 pandemic had a mixed impact on the stationary battery storage market. Initially, the market experienced disruptions due to supply chain interruptions, delays in project timelines, and reduced investment as global economic uncertainty led to cautious spending. The manufacturing and transportation of batteries and related components were particularly affected, which caused d...

Nickel increased 995.38 USD/MT or 6.51% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on March of 2025.

The global Lithium Manganese Oxide (LMO) Cathode Materials market is experiencing robust growth, driven by the burgeoning demand for electric vehicles (EVs), energy storage systems, and 3C products. Let's assume a 2025 market size of $2.5 billion, based on industry reports showing significant growth in related battery materials markets. With a Compound Annual Growth Rate (CAGR) of 15% projected from 2025 to 2033, the market is poised to reach approximately $8.5 billion by 2033. This expansion is fueled by several key factors: the increasing adoption of EVs worldwide, stringent government regulations promoting cleaner energy solutions, and continuous advancements in battery technology leading to higher energy density and improved performance in LMO cathode materials. The high capacity LMO segment is expected to witness particularly strong growth due to its superior energy density compared to ordinary capacity LMO. The electric vehicle application segment currently dominates the market and will continue to be a major driver of future growth. Significant regional variations exist within the LMO cathode materials market. Asia-Pacific, particularly China, currently holds the largest market share, owing to the region's established battery manufacturing industry and substantial EV production capacity. However, North America and Europe are witnessing rapid growth, propelled by government incentives and increasing consumer demand for electric vehicles and energy storage solutions. Market restraints include the price volatility of raw materials like lithium and manganese, as well as concerns about the long-term stability and safety of LMO batteries compared to other cathode material technologies. Nevertheless, ongoing research and development efforts focused on enhancing LMO material performance and addressing these concerns are expected to alleviate these restraints over time. The competitive landscape is characterized by a mix of established players like Umicore and Mitsui Mining & Smelting, alongside several rapidly emerging Chinese companies. This intense competition fosters innovation and contributes to the overall market dynamism.

The world's mine production of lithium reached a new high of 240,000 metric tons in 2024. This represented a significant increase from 2010, when global lithium production stood at about 28,100 metric tons. Lithium: a useful and elusive element The chemical element lithium has many uses but is most notably used in batteries, mental health treatment, and in pyrotechnics. This silvery-white alkali metal was first isolated in 1855 by Augustus Mattiessen and Robert Bunsen. Lithium is widely present worldwide, but due to its high reactivity it does not naturally occur in its elemental form. Chile and Australia have the largest lithium reserves in the world. Lithium producers There are several key players involved in the lucrative global lithium mining business. Based on market capitalization, Albemarle was the leading lithium producing company in 2024. Looking to the future, lithium producers have a strong outlook, as the total worldwide lithium demand is expected to increase significantly in the coming years.

The global handheld lithium battery leakage detector market is experiencing robust growth, driven by the escalating demand for lithium-ion batteries in various applications, particularly electric vehicles (EVs) and energy storage systems. The market's expansion is further fueled by stringent safety regulations regarding battery handling and disposal, emphasizing the need for reliable leakage detection technologies. This necessitates the adoption of advanced, portable solutions like handheld detectors for quality control and safety checks throughout the battery lifecycle, from manufacturing to recycling. A conservative estimate, considering the rapid growth in the EV and energy storage sectors, places the 2025 market size at approximately $150 million. With a projected CAGR of 15% (a reasonable assumption based on the rapid technological advancement and adoption in the industry), the market is expected to reach over $400 million by 2033. Key market segments include electrochemical and infrared-type detectors, with electrochemical detectors currently holding a larger market share due to their established technology and cost-effectiveness. However, infrared technology is gaining traction due to its non-invasive nature and potential for faster, more precise detection. Geographic growth is anticipated to be strongest in Asia-Pacific, driven by the burgeoning EV manufacturing industry in China and other Asian economies. North America and Europe will also witness significant growth, fueled by increasing environmental concerns and stringent safety standards. Competition within the market is relatively fragmented, with several established players alongside emerging companies innovating in detector technology and applications. Market restraints include the relatively high cost of advanced handheld detectors, which may limit adoption among smaller businesses. However, ongoing technological advancements are expected to reduce costs over time, making them more accessible. Furthermore, the development of standardized testing protocols and regulations will be crucial for consistent market growth and wider adoption. Future market trends will likely focus on improved detector sensitivity, portability, and ease of use. The integration of smart technologies, such as data logging and cloud connectivity, will enhance data management and analysis, optimizing maintenance and safety protocols for lithium-ion batteries. The market will also see a greater emphasis on eco-friendly materials and sustainable manufacturing practices within the handheld detector industry itself.

The prices of lithium-ion battery packs across the globe declined by nearly 90 percent between 2010 and 2021, dropping to 132 U.S. dollars per kilowatt hour in 2021. It is expected that in 2022, the price of lithium-ion battery packs will increase to 135 U.S. dollars per kilowatt hour.

According to Cognitive Market Research, the global Flexible Printed and Thin Film Batteries market size will be USD 126.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 24.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 50.64 million in 2025 and will grow at a compound annual growth rate (CAGR) of 22.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 37.98 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 29.12 million in 2025 and will grow at a compound annual growth rate (CAGR) of 26.0% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 6.33 million in 2025 and will grow at a compound annual growth rate (CAGR) of 23.4% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2.53 million in 2025 and will grow at a compound annual growth rate (CAGR) of 23.7% from 2025 to 2033.
The printed batteries category led the Flexible Printed and Thin Film Batteries Market.

Market Dynamics of Flexible Printed and Thin Film Batteries Market

Key Drivers for Flexible Printed and Thin Film Batteries Market

Growing Need for Flexible and Portable Energy Storage Devices to Boost Market Growth

The rigidity and inflexibility of traditional batteries, like lithium-ion or alkaline batteries, restrict their use in small electronic devices. However, a lightweight, thin, and flexible power source that is simple to include in the design of these devices is offered by flexible printed and thin film batteries. Electronic devices that use flexible batteries are more convenient and portable, making it easier for consumers to carry and operate their gadgets. This is especially critical for wearables and medical devices, where consumers need a compact, lightweight power source that can be worn or implanted for prolonged periods. Furthermore, the growing need for environmentally friendly and sustainable batteries is anticipated to propel the market expansion for flexible printed and thin film batteries in the near future. It is possible to create flexible and thin-film batteries with eco-friendly ingredients and production techniques. As a result, their environmental impact is lower than that of conventional battery technologies.

Increased Use of Wearable Technology, Smart Sensors, and IoT Devices to Drive Market Growth

In a number of sectors, such as manufacturing, healthcare, and automobiles, IoT devices are growing in popularity. Batteries that are small, light, and flexible enough to fit into their small designs are needed for these devices. Batteries that are flexible, printable, and thin-film are perfect for this because they can be made to meet the unique requirements of many Internet of Things devices. Thin, light, and flexible batteries that may be incorporated into the design of wearable electronics are necessary for smartwatches, fitness trackers, and medical monitoring devices. Ideal for use in wearable technology, flexible printed and thin film batteries provide a power source that is lightweight and small enough to be worn on the body. Furthermore, numerous applications, including industrial sensing, home automation, and environmental monitoring, use smart sensors. Small, light, and long-lasting batteries are needed for these sensors, particularly when they are used in difficult-to-reach places. Thin film, flexible, and printable batteries are perfect for powering smart sensors because they can be made to meet the unique requirements of various sensors. Increased use of wearable technology, smart sensors, and Internet of Things devices is driving the growth of the flexible printed and thin film batteries markets.

Restraint Factor for the Flexible Printed and Thin Film Batteries Market

Increasing Concerns Related to Durability will Limit Market Growth

One major barrier to the global market for flexible printed and thin film batteries is durability. Flexible batteries, in contrast to conventional rigid batteries, must endure mechanical stress, such as bending, stretching, and twisting, which over time, may cause performance to deteriorate. The main cause of these durability problems is the intrinsic characteristi...

The lithium-ion battery recycling market worldwide was estimated at 3.54 billion U.S. dollars in 2023. This figure was forecast to grow with a compound annual growth rate (CAGR) of 21 percent throughout the coming decade, nearing 24 billion dollars U.S. dollars in 2033.

As of 2024, the world's total lithium resources were estimated at some 115 million metric tons of lithium content. Bolivia and Argentina boasted the largest resources at the time, with some 23 million metric tons each. The United States ranked third that year, at about 19 million metric tons of lithium content.

In 2024, reserves of lithium in Chile amounted to an estimated 9.3 million metric tons, the largest worldwide. That same year, Australia held a total lithium reserves of some seven million metric tons. Australia leads lithium production Lithium is a soft, silver-white metal which occurs only in compounds as a mineral due to its high reactivity. Mineral reserves are defined as those minerals that were extractable or producible at the time of estimate. Chile had the largest lithium reserves worldwide, by a large margin. However, Australia was the top country in lithium mine production in 2024, with an output of 88 thousand metric tons of lithium that year.

Lithium and the future of mobility Batteries account for the largest share of lithium end-usage. Propelled by the growth in the electric vehicle market, powered by rechargeable lithium batteries, global lithium demand is forecast to reach 1.4 million metric tons by 2025. As of the first half of 2024, Chinese CATL and BYD were the top producers of lithium battery cells, combined accounting for more than half of the global market.

China dominated the world's electric vehicles (EV) lithium-ion (Li-ion) manufacturing market in 2021. That year, China produced some 79 percent of all EV Li-ion batteries that entered the global market. While China is projected to continue being the leading country in Li-ion battery manufacturing in 2025, European countries are expected to significantly expand its production capacities. With planned investments into manufacturing facilities, Germany is poised to become the second-biggest producer of EV LI-ion batteries in the world in 2025, accounting for around 11 percent of the global production capacity.

Tantalum is a rare transition metal that is highly resistant to corrosion and has important applications in electronic equipment. In 2024, the price of tantalum was approximately 170 U.S. dollars per kilogram of Ta2O5 content.