Lithium traded flat at 64,950 CNY/T on July 17, 2025. Over the past month, Lithium's price has risen 7.44%, but it is still 24.04% 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 July of 2025.

This dataset presents information concerning 8- and 10-digit trade codes related to the rechargeable lithium-ion battery (LIB) supply chain for the People's Republic of China (PRC) and the European Union, and the United States as classified by Customs and Border Protection (CBP) rulings. Note that this dataset is not intended to be a complete or comprehensive list of trade codes for the LIB supply chain; rather, it presents trade codes from the PRC and the EU that more granularly classify products related to LIB supply chain in comparison to the Harmonized Tariff Schedule of the United States (HTSUS). CBP rulings are included to indicate existing classification decisions for relevant products related to the LIB supply chain. Disaggregated trade codes offer more detailed insight into trade flows, supply chains, and the state of domestic and international industries. The dataset covers raw materials, refined and processed materials, battery materials, cell components, batteries and battery components, end-of-life batteries, and machinery. Tariff line information was assembled through conversations with experts and reviews of supply chain process flows in concert with an examination of trade databases, domestic trade documentation, and primary international customs import and export tariff documents.

In 2024, Australia was the world leader in terms of lithium mine production, with an estimated output of 88,000 metric tons. This represented a significant rise from 2014 when Australia’s lithium production was around 13,300 metric tons. Hosting the world’s largest hard rock lithium mine, Australia primarily extracts the alkali metal from spodumene, which is a lithium-bearing mineral. Lithium production in Australia Due to its vast reserves of spodumene, a vital source of lithium that can be found in its hard rock formations, Australia is now a world leader in the production of lithium. The nation's substantial contribution to satisfying worldwide demand is demonstrated by its mining activities, which include some of the biggest lithium reserves in the world. Australia plays a significant role in the world's supply chains for this necessary material, as seen by the strong economic contribution of its lithium exports. The demand for lithium is still rising because of the increased attention being paid to sustainable energy solutions on a global scale. Australia’s mining industry The value added by the mining industry in Australia is substantial. This robust sector is driven by the extraction and processing of a wide variety of minerals, such as iron ore, coal, and lithium, which are necessary for both domestic and international trade. Australia is home to some of the world's largest mining companies by market capitalization, including BHP, Fortescue Metals Group, and Rio Tinto. These major businesses are vital for the production and export of essential commodities, which stimulates economic activity and supports global trade.

Statistics illustrates consumption, production, prices, and trade of Lithium Oxide in the World from 2007 to 2024.

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.

Lithium has broad applications in several emerging industries and fields, including high energy batteries, energy storage, aerospace, and controlled nuclear reactions. Currently, the discrepancy between the supply and demand for lithium resources increases, and its distribution is uneven. Within the framework of the "Belt and Road" Initiative, the lithium trade pattern evolves constantly. However, the trade pattern of lithium in the nations along the "Belt and Road" is likely to face substantial repercussions in modern world of unilateral protectionism and geopolitical conflicts. Taking the social network analysis approach as a tool, this study first examines the characteristics of the lithium trade network structure as it has evolved over the years in the Belt and Road countries, from 2000 to 2022. Additionally, this study uses the quadratic assignment problem approach to analyze the factors influencing the evolution of the lithium trade network. The study shows that: (1) The spatial patterns of import and export trade network of lithium in countries along the route has a certain path dependence. And the market is mainly concentrated in East Asia, Central and Eastern Europe, South America and Southeast Asia. (2) The network density of the countries along the route has increased year after year, but it remains low. And the fluctuation of the network’s reciprocity has increased, with a huge magnitude of variation. The number of core countries in the network has decreased over time, but the core-periphery structure has stayed largely steady. China, Chile, and South Korea are the network’s main node countries. (3) Regarding the influencing factors, the differences in economic and technological development between these countries have a beneficial impact on the formation of lithium trade; whether or not regional trade agreements have been signed, the differences about average tax rates for mineral products, bordering countries, and similar languages and cultures are all conducive to the establishment of close trade links. The contribution of this essay is of paramount importance for understanding different countries’ role along the Belt and Road in the lithium trade network pattern, and promoting regional trade cooperation.

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.

Lithium has broad applications in several emerging industries and fields, including high energy batteries, energy storage, aerospace, and controlled nuclear reactions. Currently, the discrepancy between the supply and demand for lithium resources increases, and its distribution is uneven. Within the framework of the "Belt and Road" Initiative, the lithium trade pattern evolves constantly. However, the trade pattern of lithium in the nations along the "Belt and Road" is likely to face substantial repercussions in modern world of unilateral protectionism and geopolitical conflicts. Taking the social network analysis approach as a tool, this study first examines the characteristics of the lithium trade network structure as it has evolved over the years in the Belt and Road countries, from 2000 to 2022. Additionally, this study uses the quadratic assignment problem approach to analyze the factors influencing the evolution of the lithium trade network. The study shows that: (1) The spatial patterns of import and export trade network of lithium in countries along the route has a certain path dependence. And the market is mainly concentrated in East Asia, Central and Eastern Europe, South America and Southeast Asia. (2) The network density of the countries along the route has increased year after year, but it remains low. And the fluctuation of the network’s reciprocity has increased, with a huge magnitude of variation. The number of core countries in the network has decreased over time, but the core-periphery structure has stayed largely steady. China, Chile, and South Korea are the network’s main node countries. (3) Regarding the influencing factors, the differences in economic and technological development between these countries have a beneficial impact on the formation of lithium trade; whether or not regional trade agreements have been signed, the differences about average tax rates for mineral products, bordering countries, and similar languages and cultures are all conducive to the establishment of close trade links. The contribution of this essay is of paramount importance for understanding different countries’ role along the Belt and Road in the lithium trade network pattern, and promoting regional trade cooperation.

Top 10 countries for basic lithium products centrality in 2022.

Unweighted network QAP regression analysis results.

Weighted network QAP correlation analysis results.

As of July 2025, the leading mining company with lithium operations listed on the Australian Securities Exchange (ASX) was Mineral Resources Ltd, with a market capitalization of around **** billion Australian dollars. Pilbara Minerals Ltd followed, with a market capitalization of **** billion dollars. Pilbara Minerals Pilbara Minerals’ Pilgangoora mine, located in Western Australia, is one of the largest hard-rock lithium mines in the world. In the 2024 financial year, Pilbara Minerals’ revenue reached **** billion Australian dollars. The company’s production volume of lithium spodumene concentrates amounted to just over *** thousand dry metric tons in 2024. Australia’s lithium trade Australia plays a vital role in the global lithium market. While fiscal year 2023 saw a relatively high export value of lithium from Australia, primarily due to high production volumes and global demand, this decreased in the following years. Most of Australia’s lithium mines are in Western Australia. In 2024, China was the major export destination for Western Australian lithium spodumene concentrate. As the country explores more mid-stream lithium processing opportunities, it remains to be seen if China will still be the nation’s leading lithium trade partner.

Cobalt traded flat at 33,335 USD/T on July 17, 2025. Over the past month, Cobalt's price has remained flat, but it is still 25.20% higher than a year ago, 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 July of 2025.

Lithium had one of the lowest trade values among battery minerals worldwide in 2019 at ***** billion U.S. dollars. Due to increased investments in projects and demand for battery minerals, by 2030 lithium is expected to have a higher trade value than cobalt and platinum.