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.

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 price of ** percent lithium carbonate is projected to be around **** U.S. dollars per kilogram. Growing global lithium demandThere has been a steady increase in battery demand globally, which in turn becomes a strong driver of lithium usage in the future. However, producers have been unable to keep up with the demand. In 2025, global lithium demand is expected to reach ***** metric tons of lithium carbonate equivalent for non-rechargeable batteries. The 2018 annual average price of battery-grade lithium carbonate was ****** U.S. dollars per metric ton, increased from the ****** U.S. dollars in the previous year. Lithium demand by applicationLithium has many end use applications aside from batteries. For example, demand for lithium in ceramics is anticipated to reach ****** metric tons of lithium carbonate equivalent in 2025. Another example is that the demand for lithium in polymers is expected to grow to ****** metric tons of lithium carbonate equivalent by 2025, from the 2018 demand which was ***** metric tons.

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 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 **** 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.

Snapshot img

Lithium Market Size 2023-2027

The lithium market size is forecast to increase by 1066.47 thousand t, at a CAGR of 25% between 2022 and 2027.

The India Solar Power Market is segmented by Application (Batteries, Ceramics and Glass, Grease, Polymer, Others), Product (Carbonate, Hydroxide, Metal, Chloride, Others), Source (Brine, Hardrock), end-user industry (Automotive, Electronics, Energy Storage, Aerospace, Industrial, Healthcare, Others), and Geography (North America: US, Canada; Europe: France, Germany, Italy, UK; Middle East and Africa: Egypt, KSA, Oman, UAE; APAC: China, India, Japan; South America: Argentina, Brazil; Rest of World). This segmentation reflects the market's diversity, driven by rising demand for Batteries and Energy Storage in India and China, increasing use of Carbonate and Hydroxide in Electronics and Automotive, and a mix of Brine and Hardrock sources to meet industrial and regional needs across the APAC region.



The market is experiencing significant growth due to the surge in demand from various applications, including batteries for electric vehicles, ceramics, and glass industries. This demand is driving capacity expansions among key players to meet the increasing market needs. However, the market faces challenges from the rising availability of substitute products, such as nickel-metal hydride and lead-acid batteries, which may impact the adoption rate of lithium-ion batteries. Additionally, the production process of lithium involves complex and energy-intensive procedures, which can increase the overall cost and potentially hinder market penetration.
Companies seeking to capitalize on market opportunities should focus on improving the efficiency and sustainability of lithium production processes. Meanwhile, those looking to navigate challenges effectively may explore collaborations and partnerships to share resources and expertise, as well as invest in research and development to differentiate their offerings and stay competitive.

What will be the Size of the Lithium Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2017-2021 and forecasts 2023-2027 - in the full report.
Request Free Sample

The market continues to evolve, driven by the expanding applications of lithium-ion batteries (LIBs) across various sectors. From electric vehicles (EVs) and electric buses to consumer electronics, electric bicycles, and portable power, the demand for LIBs is on the rise. This continuous growth is influenced by several factors, including advancements in battery technology such as solid-state batteries and battery recycling. The lithium supply chain is undergoing significant changes, with a focus on resource scarcity and environmental impact. Innovations in cathode materials, anode materials, and cell manufacturing are aimed at improving energy density, power output, and battery life.

Thermal management and battery safety standards are also critical considerations, as the industry strives to ensure the reliability and safety of these energy storage solutions. Battery swapping and battery management systems are gaining traction in the market, providing convenient and efficient solutions for charging infrastructure. Renewable energy integration and hydrogen storage are emerging applications for LIBs, further expanding their reach. Moreover, the development of alternative battery technologies, such as lithium-sodium batteries, lithium-air batteries, and flow batteries, is adding to the market's dynamism. Incentives and subsidies are also playing a crucial role in driving the adoption of these energy storage solutions.

The ongoing evolution of the market is marked by a constant pursuit of energy efficiency, power output, and safety standards. The integration of these advancements into battery design and manufacturing processes is shaping the future of the industry.

How is this Lithium Industry segmented?

The lithium industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD thousand t' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments.

Application

  Batteries
  Ceramics and glass
  Grease
  Polymer
  Others


Product

  Carbonate
  Hydroxide
  Metal
  Chloride
  Others


Source

  Brine
  Hardrock


End-user Industry

  Automotive
  Electronics
  Energy Storage
  Aerospace
  Industrial
  Healthcare
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

.

By Application Insights

The batteries segment is estimated to witness significant growth during the forecast period.

The market is pr

Snapshot img

North America Lithium-ion battery Market Size 2024-2028

The North America lithium-ion battery market size is forecast to increase by USD 20.03 billion at a CAGR of 18% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The high adoption of wearable technology and electric vehicles is driving the demand for lithium-ion batteries. Additionally, the decline in lithium-ion battery prices has made them more affordable for consumers. However, the availability of substitute products, such as nickel-cadmium and nickel-metal hydride batteries, poses a challenge to the market.
To stay competitive, market players are focusing on improving the performance, safety, and cost-effectiveness of lithium-ion batteries. As the market continues to evolve, it is essential for businesses to stay informed about the latest trends and challenges to make informed decisions and capitalize on opportunities.

What will be the Size of the Market During the Forecast Period?

Request Free Sample

The Lithium-Ion Battery (Li-ion) market in North America is witnessing significant growth due to the increasing demand for energy storage solutions in various sectors. This trend is driven by the shift towards renewable energy sources, energy efficiency, and sustainable energy. Energy Management and Grid Storage are key areas where Li-ion batteries are gaining popularity. The integration of renewable energy sources into the power grid requires efficient energy storage solutions to ensure a stable power supply. Li-ion batteries offer high energy density, long cycle life, and excellent power characteristics, making them an ideal choice for grid storage applications.
Additionally, Microgrids and Off-Grid Power Systems are another growing area for Li-ion batteries. These systems are essential for energy security and are particularly useful in remote locations where access to the main power grid is limited. Li-ion batteries provide a reliable and efficient power source for these systems, enabling energy conservation and reducing the carbon footprint. Safety and Performance are critical factors in the Li-ion battery market. Industrial safety regulations and CAFE standards are driving the development of safer battery technologies. Battery Management Systems (BMS) are being used to optimize battery performance, ensure safety, and prolong battery life. Research and development in battery technology are focused on improving battery safety, increasing energy density, and reducing battery degradation.
Moreover, electric Mobility and Material Handling Equipment are significant applications for Li-ion batteries. The increasing adoption of electric vehicles and the shift towards automated material handling systems are driving the demand for portable Li-ion batteries. These batteries offer high energy density, long cycle life, and fast charging capabilities, making them an ideal choice for these applications. Power Distribution and Power Electronics are other areas where Li-ion batteries are being used extensively. The high power density and excellent power characteristics of Li-ion batteries make them suitable for power distribution applications. In power electronics, Li-ion batteries are used for energy storage and power backup, providing a reliable power source for various applications.
In conclusion, Wind Energy and Solar Energy are two major renewable energy sources where Li-ion batteries are being used for energy storage. The intermittent nature of these energy sources requires efficient energy storage solutions to ensure a stable power supply. Li-ion batteries offer high energy density, long cycle life, and excellent power characteristics, making them an ideal choice for renewable energy storage applications. Battery Recycling is another area of focus in the Li-ion battery market. The increasing adoption of Li-ion batteries and the need to reduce the environmental impact of battery disposal are driving the development of battery recycling technologies. These technologies aim to recover valuable materials from used batteries and reduce the carbon footprint of battery production. In conclusion, the market is witnessing significant growth due to the increasing demand for energy storage solutions in various sectors. The shift towards renewable energy sources, energy efficiency, and sustainable energy are key drivers of this growth. The focus on safety, performance, and recycling is expected to continue driving the development of Li-ion battery technology in the future.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Lithium nickel manganese cobalt
  Lithium iron phosphate
  Lithium cobalt oxide
  Ot

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

In April 2023, the price of Lithium Carbonate was reported at $67,831 per ton (CIF, Japan), a 1.6% increase compared to the previous month.

Why did the Lithium Metal Price Change in May 2025? The Lithium Metal Price Index in North American market ended Q1 2025 settling at USD 163,210/MT FOB Boston, demonstrating a moderate increase from Q4 2024.

Explore the dynamic fluctuations in the lithium market influenced by rising demand for electric vehicles, supply chain constraints, and technological advancements, as stakeholders navigate a landscape marked by volatility and evolving energy solutions.

Lithium ETF stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Lithium Market Outlook

The global lithium market size was valued at approximately USD 8.3 billion in 2023 and is expected to reach around USD 26.9 billion by 2032, exhibiting a robust compound annual growth rate (CAGR) of 14.2% during the forecast period. This impressive growth trajectory is primarily driven by the burgeoning demand for lithium-ion batteries, pivotal in propelling the electric vehicle (EV) revolution and portable consumer electronics. The increasing commitment of governments worldwide to transition to renewable energy and reduce carbon emissions is another significant driver, further catalyzing the adoption of lithium-ion technologies across various sectors.

A critical growth factor for the lithium market is the rapid expansion of the electric vehicle (EV) sector. With automotive giants and startups alike accelerating their production of electric models, the demand for lithium, a key component in EV batteries, has surged. Policies aimed at reducing dependency on fossil fuels and incentivizing cleaner transportation options are amplifying this trend. For instance, several countries, including China, the United States, and members of the European Union, have set ambitious targets for EV adoption, fueling substantial investments in lithium extraction and battery production facilities. Additionally, advancements in battery technology that increase energy density and reduce costs are making EVs more accessible to the mass market, thereby increasing lithium demand.

The proliferation of renewable energy initiatives and the associated need for efficient energy storage solutions present another growth vector for the lithium market. Renewable energy sources like solar and wind are inherently intermittent, necessitating reliable storage solutions to ensure a stable power supply. Lithium-ion batteries have emerged as the preferred choice due to their high energy density, efficiency, and declining costs. As countries globally push towards achieving sustainable energy goals, the deployment of large-scale lithium-ion battery storage systems is anticipated to expand, further bolstering the market. Additionally, advancements in grid infrastructure that integrate renewable energy sources are expected to contribute significantly to the growing demand for lithium-based solutions.

Technological innovation and increased investment in research and development are further enhancing the growth prospects of the lithium market. Research into alternative lithium extraction methods, such as direct lithium extraction (DLE) from brines, is gaining traction, promising more environmentally friendly and cost-effective solutions than traditional mining methods. Moreover, ongoing improvements in battery recycling technologies aim to recover lithium from spent batteries efficiently, reducing dependency on new lithium extraction and supporting circular economy initiatives. These technological advancements are critical for meeting future lithium demand sustainably and mitigating environmental impacts associated with lithium production.

Regionally, Asia Pacific is expected to dominate the lithium market due to its robust manufacturing base and rapidly growing EV industry. The presence of major battery manufacturers and a conducive regulatory environment further bolster this region's growth. In contrast, North America and Europe are experiencing heightened demand driven by policy incentives and technological innovation. Latin America, home to the 'Lithium Triangle'—a region abundant in lithium reserves—is emerging as a key player in the supply chain, while the Middle East & Africa are gradually increasing their market presence with investments in mining and battery manufacturing.

Type Analysis

The lithium market is segmented into various types, including lithium carbonate, lithium hydroxide, lithium chloride, and others, each playing a distinct role in diverse applications. Lithium carbonate is currently the most widely used type, primarily due to its application in the production of lithium-ion batteries. As the demand for electric vehicles and portable electronic devices continues to grow, the consumption of lithium carbonate is expected to see a significant rise. This compound is also used in the manufacturing of glass and ceramics, where it enhances the physical properties of the materials. Thus, the multifaceted applications of lithium carbonate make it a cornerstone of the lithium market.

Lithium hydroxide is gaining prominence due to its superior performance in high-nickel content lithium-ion batteries, which offer higher energy densities. This type is incre

The total cost of producing battery grade lithium carbonate by 2025 is expected to amount to approximately ***** and ***** U.S. dollars per ton of lithium carbonate equivalent from brine and spodumene, respectively. For the production of battery grade lithium carbonate from spodumene, the highest costs are forecast to be allocated in the processing of this mineral.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Lithium Americas (LAC): Are batteries igniting growth?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

China Market Price: Monthly Avg: Inorganic Chemical Material: Lithium Carbonate (Battery Grade): 99.5% data was reported at 76,500.000 RMB/Ton in Mar 2025. This records a decrease from the previous number of 78,900.000 RMB/Ton for Feb 2025. China Market Price: Monthly Avg: Inorganic Chemical Material: Lithium Carbonate (Battery Grade): 99.5% data is updated monthly, averaging 114,950.000 RMB/Ton from Jun 2020 (Median) to Mar 2025, with 58 observations. The data reached an all-time high of 597,000.000 RMB/Ton in Nov 2022 and a record low of 44,070.000 RMB/Ton in Jun 2020. China Market Price: Monthly Avg: Inorganic Chemical Material: Lithium Carbonate (Battery Grade): 99.5% data remains active status in CEIC and is reported by China National Chemical Economic and Technical Development Centre. The data is categorized under China Premium Database’s Price – Table CN.PC: China Petroleum & Chemical Industry Association: Petrochemical Price: Inorganic Chemical Material.

In July 2022, the lithium carbonate price per ton amounted to $10,401, declining by -6.2% against the previous month.

The Lithium Battery Grade Lithium Carbonate Market size was valued at USD 5.98 USD Billion in 2023 and is projected to reach USD 13.90 USD Billion by 2032, exhibiting a CAGR of 12.8 % during the forecast period. Lithium Battery Grade Lithium Carbonate is a highly pure lithium material that is required for lithium-ion batteries. This is subdivided into industrial and high-purity grades; the latter is more desirable for battery use due to higher purity and therefore lower inter solutes. It is characterized by good electrochemical activity, chemical stability, and maximum energy density, making it suitable for the creation of rechargeable batteries. Some of the areas where it is mainly used are in electric vehicles, portable electronics, and energy storage systems. The quality of lithium carbonate and the lithium material on which it is based directly affects the performance, including effectiveness and longevity, of batteries and thus the lithium-ion batteries in such applications. Key drivers for this market are: Increasing on-road vehicle fleet to Fuel Demand for tinting films. Potential restraints include: Fluctuations in Prices of Crude Oil May Hamper Growth.

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).

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.