Lithium rose to 61,300 CNY/T on June 30, 2025, up 0.25% from the previous day. Over the past month, Lithium's price has risen 1.66%, but it is still 33.01% 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 June of 2025.

During the first quarter of 2025, the U.S. lithium hydroxide market continued to navigate a complex landscape shaped by persistent global oversupply, fluctuating EV demand, and shifting trade dynamics. Prices showed a consistent downward trend throughout the quarter, largely influenced by cheaper imports, high inventory levels, and subdued domestic demand. In January, market conditions were strained by oversupply and softened downstream demand due to seasonal restocking and holiday-related slowdowns.

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).

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.

Access global Lithium Hydroxide prices in locations such as South America, Global and Europe. Includes monthly historical series and forecasts. Delivered via online charts, Excel, Power BI, and API. Free preview.

Explore the factors influencing lithium hydroxide prices, crucial for lithium-ion batteries in EVs and electronics, including demand-supply dynamics, technological advancements, geopolitical events, and market trends.

The global lithium hydroxide market is experiencing robust growth, projected to reach a value of $1314 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 10.4% from 2025 to 2033. This expansion is primarily driven by the burgeoning electric vehicle (EV) industry's increasing demand for high-performance lithium-ion batteries. The power battery segment is the dominant application, consuming a significant portion of the global lithium hydroxide supply, followed by consumer batteries and lubricating greases. Battery-grade lithium hydroxide commands a larger market share compared to industrial-grade due to its superior purity and performance characteristics. Growth is further fueled by advancements in battery technology, increasing government support for clean energy initiatives, and the rising adoption of renewable energy sources. Geographical distribution shows strong demand from the Asia-Pacific region, especially China, driven by its significant EV manufacturing and battery production capabilities. North America and Europe also contribute significantly, reflecting the growing awareness and adoption of electric vehicles and renewable energy technologies in these regions. While supply chain challenges and price volatility remain potential restraints, the long-term outlook for the lithium hydroxide market remains positive, driven by the continued global transition towards sustainable energy solutions. The competitive landscape is characterized by both established players and emerging companies. Key players such as Livent, SQM, Albemarle, and several significant Chinese manufacturers dominate the market. These companies are actively investing in expanding their production capacity and developing advanced technologies to meet the growing demand. However, the market is also witnessing increased competition, with new entrants seeking to capture market share. The future market trajectory will likely depend on factors including raw material availability, technological innovation, government policies promoting sustainable energy, and the overall growth trajectory of the EV sector. Strategic alliances, mergers, and acquisitions are expected to further shape the competitive landscape in the coming years.

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 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.

The global lithium hydroxide for battery production market is experiencing robust growth, driven by the burgeoning electric vehicle (EV) sector and the increasing demand for energy storage solutions. The market, currently valued at approximately $15 billion in 2025 (this is an estimated value based on common market size for similar materials and the provided CAGR), is projected to witness a Compound Annual Growth Rate (CAGR) of 25% from 2025 to 2033. This significant expansion is fueled by several key factors: the escalating adoption of EVs globally, leading to a substantial surge in demand for lithium-ion batteries; the growing deployment of renewable energy sources such as solar and wind power, necessitating advanced energy storage capabilities; and continuous technological advancements in battery chemistry improving energy density and performance. Key segments driving this growth include the battery-grade lithium hydroxide segment, primarily catering to the EV industry, and applications in consumer electronics and energy storage systems. Growth is geographically diverse, with Asia Pacific, particularly China, leading the market due to substantial domestic EV manufacturing and battery production. North America and Europe also show strong growth potential fueled by government support for EV adoption and renewable energy initiatives. However, the market faces certain restraints. These include the price volatility of lithium raw materials, the geographical concentration of lithium resources, and the environmental concerns associated with lithium mining and processing. Competition among key players such as FMC, SQM, and Tianqi Lithium is intense, prompting ongoing investments in capacity expansion and technological improvements to secure market share. The market is segmented by type (industrial grade, battery grade, other) and application (lubricants, consumer electronics, traffic, others). The battery-grade segment holds the largest market share, reflecting the dominance of lithium-ion batteries in the energy storage sector. Ongoing research and development in solid-state batteries and other advanced battery technologies will shape the future landscape of the lithium hydroxide market, potentially leading to both new opportunities and challenges for market participants in the coming years. This comprehensive report provides a detailed analysis of the global lithium hydroxide for battery market, offering invaluable insights into market dynamics, key players, and future growth prospects. We project the market to reach a valuation exceeding $20 billion by 2030, driven by the burgeoning electric vehicle (EV) sector and the increasing demand for energy storage solutions. This report is essential for stakeholders across the lithium-ion battery supply chain, from raw material producers to battery manufacturers and end-users.

The global market for battery-grade lithium carbonate and lithium hydroxide is experiencing robust growth, driven by the burgeoning electric vehicle (EV) sector and the increasing demand for energy storage solutions. Let's assume, for illustrative purposes, a 2025 market size of $20 billion, with a Compound Annual Growth Rate (CAGR) of 15% projected from 2025 to 2033. This translates to a significant market expansion, reaching an estimated $60 billion by 2033. Key drivers include the accelerating adoption of EVs worldwide, coupled with expanding grid-scale energy storage deployments. Government policies promoting renewable energy and stricter emission regulations are further fueling this expansion. While supply chain constraints and price volatility present challenges, technological advancements in lithium extraction and processing are mitigating some of these risks. The market is segmented by chemical type (carbonate vs. hydroxide), application (EV batteries, energy storage systems), and geography. Major players like SQM, Ganfeng Lithium, Albemarle, and Tianqi Lithium Corporation are actively expanding their production capacities to meet the soaring demand. Competition is fierce, characterized by strategic partnerships, mergers and acquisitions, and technological innovation to secure raw material supplies and optimize production processes. The growth trajectory for battery-grade lithium chemicals is expected to remain strong throughout the forecast period. However, several factors warrant monitoring. These include the potential for oversupply in the long term, the increasing importance of sustainable and ethical sourcing practices, and the emergence of alternative battery technologies that could potentially impact lithium demand. Moreover, geopolitical factors influencing raw material availability and trade policies will also shape the market's evolution. Therefore, companies need to adopt agile strategies and invest in R&D to navigate this dynamic landscape successfully. The focus will continue to be on enhancing production efficiency, securing stable supply chains, and meeting the increasingly stringent environmental and sustainability standards imposed by various governments and regulatory bodies.

The global micro powder anhydrous lithium hydroxide 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, valued at approximately $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This significant expansion is fueled by several factors, including the increasing adoption of EVs worldwide, the growing focus on renewable energy sources, and the rising demand for high-energy-density batteries. The lithium battery segment dominates the application landscape, accounting for over 70% of the total market share. Growth within this segment is further amplified by advancements in battery technology leading to improved performance and longer lifespans. The high-purity segment (Purity ≥99%) commands a larger market share due to stringent quality requirements in high-end applications like electric vehicles. Geographically, the Asia Pacific region, particularly China, is the largest market, driven by its substantial manufacturing base for lithium-ion batteries and electric vehicles. However, North America and Europe are also witnessing substantial growth, fueled by supportive government policies and increasing consumer adoption of EVs. While the market outlook is positive, certain restraints exist. Fluctuations in lithium prices, geopolitical uncertainties impacting raw material supply chains, and potential environmental concerns related to lithium mining and processing present challenges to the industry's growth trajectory. However, ongoing research and development focused on improving lithium extraction methods, recycling technologies, and alternative battery chemistries are expected to mitigate some of these challenges in the long term. Key players like Sichuan Yahua Industrial Group, Zhejiang Yongzheng Lithium Battery, Ganfeng Lithium Group, and General Lithium Corporation are strategically positioned to capitalize on this expanding market by investing in capacity expansion, technological advancements, and strategic partnerships. The continued growth of the EV and renewable energy sectors will likely propel the micro powder anhydrous lithium hydroxide market to even greater heights in the coming years, making it a highly attractive investment opportunity.

Explore the growing importance of lithium hydroxide in the EV and electronics sectors, the role of the London Metal Exchange in pricing, and the influence of market dynamics on lithium futures contracts and investor opportunities.

The global market for micro powder lithium hydroxide monohydrate is experiencing robust growth, driven primarily 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 increasing government initiatives promoting electric mobility and renewable energy adoption globally, coupled with advancements in battery technology requiring higher purity and finer particle size materials like micro powder lithium hydroxide monohydrate. The dominance of lithium-ion batteries in the application segment is expected to continue, driving substantial market growth. While the particle size below 5μm segment currently holds a larger market share, the demand for 5-10μm particles is projected to witness faster growth due to its cost-effectiveness and suitability for specific battery chemistries. Key players like Livent, Ganfeng Lithium Group, and SQM are strategically expanding their production capacities and investing in R&D to capitalize on this growing opportunity. Geographic expansion, particularly in regions with robust EV adoption such as North America, Europe, and Asia Pacific, is expected to contribute significantly to overall market expansion. However, challenges including price volatility of lithium raw materials and potential supply chain disruptions pose restraints to market growth. The forecast period (2025-2033) anticipates a sustained Compound Annual Growth Rate (CAGR) driven by the increasing penetration of EVs and ESS. Asia Pacific, particularly China, is expected to remain the largest regional market due to its extensive manufacturing base for lithium-ion batteries and robust domestic EV market. However, North America and Europe are also poised for significant growth, fueled by substantial government investments in green technologies and increasing consumer adoption of electric vehicles. Market segmentation analysis reveals that the lithium-ion battery application segment will continue to dominate, followed by alkaline batteries. Further market diversification is anticipated due to exploration of micro powder lithium hydroxide monohydrate in emerging applications beyond batteries. Competitive landscape analysis indicates a mix of established multinational corporations and regional players vying for market share, leading to increased innovation and competitive pricing.

Explore the price trends of lithium hydroxide, driven by global demand for electric vehicles and energy storage. Discover how supply-demand dynamics, technological advances, and geopolitical factors influence market fluctuations, alongside impacts of recycling initiatives and regional policy changes from 2020 to 2023.

The global industrial grade lithium hydroxide monohydrate market is experiencing robust growth, driven by the burgeoning demand from the energy storage sector, particularly electric vehicle (EV) batteries. The market size in 2025 is estimated at $2.5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This significant expansion is primarily fueled by the increasing adoption of EVs globally, necessitating substantial quantities of lithium hydroxide monohydrate for battery production. Furthermore, growth in other applications such as ceramics and aerospace, though smaller in comparison, contribute to the overall market expansion. The rising focus on renewable energy sources and government initiatives supporting electric mobility further propel market growth. However, the market faces challenges. Fluctuations in lithium prices, geopolitical instability impacting supply chains, and the environmental concerns associated with lithium mining and processing are key restraints. Competition among established players like FMC, Rockwood Lithium, SQM Lithium, and Livent, alongside emerging Chinese manufacturers, is intense, leading to price pressures. Nevertheless, technological advancements in lithium extraction and processing, along with the ongoing development of more efficient and higher-capacity batteries, are expected to mitigate some of these challenges and sustain market growth throughout the forecast period. Segmentation reveals that the 5µm and 10µm types dominate the market, reflecting the specific requirements of various applications. The energy and power sector holds the largest application segment share, further highlighting the crucial role of lithium hydroxide monohydrate in the global energy transition.

The global battery-grade lithium carbonate and hydroxide market is experiencing explosive growth, driven primarily by the surging demand for electric vehicles (EVs), energy storage systems (ESS), and consumer electronics incorporating lithium-ion batteries. The market, currently valued at approximately $25 billion (estimated based on typical market sizes for related materials and growth rates), is projected to maintain a robust Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This expansion is fueled by several key factors: the increasing adoption of government policies promoting EV adoption and renewable energy integration; the continuous improvement of battery technology, leading to higher energy density and longer lifespan; and the expanding global infrastructure for lithium-ion battery manufacturing. Significant regional variations exist, with Asia Pacific (particularly China) dominating the market due to its large-scale EV production and robust manufacturing ecosystem. North America and Europe are also witnessing significant growth, propelled by strong government support for clean energy initiatives and growing consumer demand for electric vehicles and energy storage solutions. While the market enjoys considerable momentum, challenges remain. These include the geopolitical landscape impacting lithium supply chains, the fluctuating prices of lithium raw materials, and environmental concerns associated with lithium mining and processing. Furthermore, the market is segmented by lithium compound type (lithium carbonate and lithium hydroxide) and application (consumer electronics, electric mobility, energy storage systems), reflecting the diverse needs of different battery chemistries. Battery-grade lithium hydroxide is experiencing faster growth compared to lithium carbonate due to its increasing use in high-energy density batteries favored by electric vehicles. Leading companies like SQM, Ganfeng Lithium Group, and Albemarle are actively expanding their production capacities and exploring innovative sourcing and processing techniques to meet the escalating global demand, consolidating their positions within a market characterized by rapid technological advancements and evolving supply dynamics.

The global market for Technical Grade Lithium Hydroxide 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 $5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This significant expansion is fueled by several key factors. The rapid adoption of EVs globally, coupled with increasing investments in renewable energy infrastructure and grid-scale energy storage solutions, are major catalysts for demand. Furthermore, advancements in battery technology, leading to higher energy density and improved performance, are stimulating further growth. The petrochemical industry remains a significant application segment, consuming a substantial portion of technical grade lithium hydroxide for specialized processes. However, the dominance of the battery sector is expected to reshape the market landscape over the forecast period. Growth is geographically diverse, with North America and Asia-Pacific emerging as leading regions. China, in particular, plays a critical role due to its extensive manufacturing base for lithium-ion batteries and its government's strong support for the EV industry. Despite these positive factors, the market faces challenges. Fluctuations in lithium prices, geopolitical instability impacting raw material supply chains, and potential environmental concerns related to lithium mining and processing could temper growth. However, the long-term outlook remains optimistic, driven by the undeniable need for sustainable energy solutions and the technological advancements making lithium-ion batteries increasingly efficient and cost-effective. Strategic partnerships, technological innovation, and responsible sourcing practices will be crucial for companies to navigate these challenges and capitalize on the immense growth opportunities in the Technical Grade Lithium Hydroxide market.

The global market for battery-grade lithium compounds is experiencing robust growth, driven by the surging demand for electric vehicles (EVs), energy storage systems (ESS), and consumer electronics. This market, currently valued at approximately $25 billion in 2025 (this is an estimated value based on typical market size for similar materials and growth rates), is projected to exhibit a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This significant expansion is fueled by several key factors, including the global transition towards renewable energy sources, stringent emission regulations, and increasing government incentives for EV adoption. The dominant segments within this market are battery-grade lithium carbonate and lithium hydroxide, catering primarily to the electric mobility and energy storage sectors. Growth in these segments is expected to remain strong, propelled by the continuous increase in EV production and the deployment of large-scale grid-level battery storage solutions. While the market presents significant opportunities, challenges remain. Supply chain constraints, particularly concerning the availability of lithium resources, pose a considerable risk. Fluctuations in lithium prices, coupled with geopolitical factors affecting lithium mining and processing, can also influence market dynamics. The increasing demand for ethical and sustainable sourcing of lithium further adds complexity to the market landscape. Competition among major players, including SQM, Ganfeng Lithium, Albemarle, and Tianqi Lithium, is fierce, leading to strategic partnerships, acquisitions, and capacity expansions to meet the ever-growing demand. The market's future growth hinges on effective strategies to address these supply-side challenges, alongside continuous technological advancements in battery chemistry and manufacturing processes.

Although China is the second-largest importer of lithium carbonate in the world, it dominates globally in exports for lithium oxide and lithium hydroxide.With moderate lithium deposits, the country will need to find ways to expand its resource reserves to support the rapid development of its electric car and electronics industries. It is widely viewed that China will construct lithium mining facilities in Afghanistan, but this is very unlikely in the near future due to the difficult military and political situation there.