Lithium rose to 70,450 CNY/T on July 23, 2025, up 1.95% from the previous day. Over the past month, Lithium's price has risen 17.61%, but it is still 17.60% 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.

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.

In the first quarter of 2025, the U.S. lithium carbonate market experienced fluctuating dynamics shaped by ongoing global oversupply, restrained demand, and geopolitical uncertainty. Prices exhibited a gradual decline through January and February before stabilizing in March. Production and supply dynamics were shaped by a projected 16% increase in global capacity, driven by expansions in Chile, Australia, and Africa. Chile alone is expected to reach 305,000 tons of lithium output in 2025.

The price of battery-grade lithium carbonate in China surged in 2021 as demand for electric vehicles (EV) rose significantly in the Asian country. The price of one metric ton of battery-grade lithium carbonate stood at more than 43,700 U.S. dollars as of December 31, 2021, representing an increase of nearly 500 percent compared to prices recorded in January of that year.

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).

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.

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.

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 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.

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

In 2023, approx. 17K tons of lithium carbonates were imported into the United States; picking up by 7.2% on the year before.

Lithium Carbonate Market size was valued at USD 5 Billion in 2023 and is projected to reach USD 18.15 Billion by 2031, growing at a CAGR of 15% during the forecasted period 2024 to 2031. Global Lithium Carbonate Market Drivers The market drivers for the Lithium Carbonate Market can be influenced by various factors. These may include:

• Growing Demand for Electric Vehicles (EVs): The rise in electric vehicle production is a significant driver, as lithium carbonate is a crucial component in lithium-ion batteries. • Energy Storage Systems: The increasing adoption of renewable energy sources (like solar and wind) and the need for efficient energy storage solutions boost demand for lithium batteries.

Global Lithium Carbonate Market Restraints Several factors can act as restraints or challenges for the Lithium Carbonate Market. These may include:

• Environmental Concerns: The extraction and processing of lithium can lead to significant environmental degradation, including water depletion and soil contamination, which may prompt stricter regulations. • Price Volatility: Fluctuations in lithium prices can create uncertainty for manufacturers and investors, making long-term planning difficult.

The size of the Lithium Carbonate Market market was valued at USD 5,281 Million in 2023 and is projected to reach USD 7,025 Million by 2032, with an expected CAGR of 3.9% during the forecast period. Lithium carbonate market is witnessing high growth rate owing to its crucial position in battery production and constant path towards transition into sustainable energy solutions. The rise in electric vehicle usage is a major driver of lithium carbonate demand, as these vehicles rely on high-performance lithium-ion batteries, which rely significantly on lithium carbonate for effective energy storage. Innovations in battery technology and the development of next-generation batteries are expanding lithium carbonate's applications and increasing its market potential. Furthermore, the increased use of renewable energy sources, such as solar and wind power, raises the need for effective energy storage solutions, driving up demand. However, the market's growth may be hampered by the environmental impact of lithium extraction and processing, severe government regulations, and variations in lithium carbonate pricing caused by supply-demand imbalances. Recent developments include: January 2024: Allkem and Livent completed an all-stock merger to form Arcadium Lithium. This merger is a strategic move to incorporate the existing resources and expand the production and supplier scale. Arcadium focuses on highly complementary assets and a vertically integrated business model focused on enhancing operational flexibility and predictability while lowering costs., October 2023: General Motors Holdings LLC (GM) executed a second tranche subscription agreement to which GM will purchase Lithium Americas (NewCo) shares of USD 329.85 million. Through this agreement, GM has 100% exclusive rights to Thacker Pass Phase 1 production for ten years, which produces lithium chemicals, including lithium carbonate., May 2023: SQM SA and Ford Motor Company announced a long-term strategic agreement to supply high-quality battery-grade lithium carbonate, which is an essential component for the manufacturing of high-performance electric vehicle batteries.. Key drivers for this market are: Growing Demand From Lithium-ion Batteries, Increasing Investments in the Glass and Ceramics Industry. Potential restraints include: Constraints in Lithium Extraction and Geographical Restriction of Lithium Mines. Notable trends are: Li-Ion Battery Applications Expected to Drive Growth.

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.

The global market for Salt Lake battery-grade lithium carbonate is experiencing robust growth, driven by the burgeoning demand for electric vehicles (EVs) and energy storage systems (ESS). The market size in 2025 is estimated at $1.54 billion (assuming "1540" in the provided data refers to market size in millions of USD). While the provided CAGR is missing, a reasonable estimate, considering the rapid expansion of the lithium-ion battery market, would be between 15-20% annually. This implies significant market expansion over the forecast period (2025-2033). Key growth drivers include increasing investments in renewable energy infrastructure, stringent emission regulations promoting EV adoption, and advancements in battery technology leading to higher energy density and longer lifespans. Major players like SQM, Albemarle, and FMC are strategically expanding their production capacities and exploring innovative extraction methods to meet the soaring demand. However, the market faces challenges. These include geopolitical uncertainties impacting lithium supply chains, environmental concerns associated with lithium extraction, and price volatility influenced by raw material availability and global economic conditions. Despite these restraints, the long-term outlook for Salt Lake battery-grade lithium carbonate remains positive, driven by consistent growth in the EV and ESS sectors. The segmentation of the market (missing in the provided data) likely includes various purity grades and applications, influencing pricing and demand patterns. Regional distribution is also a significant factor, with certain regions possessing abundant lithium resources and a strong presence of battery manufacturing facilities. The continued development of sustainable and efficient lithium extraction technologies will be crucial in ensuring the long-term sustainability and economic viability of this rapidly expanding market.

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Lithium Carbonate Market Size 2025-2029

The lithium carbonate market size is forecast to increase by USD 4.98 billion, at a CAGR of 14.1% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for lithium-ion batteries in electric vehicle (EV) manufacturing and recycling initiatives. The global shift towards sustainable transportation solutions is fueling the demand for lithium carbonate, a key component in the production of lithium-ion batteries. However, the market faces a notable challenge: the shortage of EV charging stations. Despite the growing demand, the limited availability of charging infrastructure poses a significant obstacle to the widespread adoption of electric vehicles. This challenge is further compounded by the fact that the production and recycling of lithium-ion batteries require a substantial amount of energy, which in turn necessitates a reliable and efficient charging infrastructure. Companies seeking to capitalize on the opportunities presented by the market must address this challenge by investing in the development and expansion of EV charging networks. Additionally, exploring alternative methods of battery production and recycling, such as those with lower energy requirements, could help mitigate this challenge and ensure a steady supply of lithium carbonate.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve as the demand for advanced energy storage solutions surges across various sectors. Lithium carbonate, a key component in the production of lithium-ion batteries, plays a crucial role in powering electric vehicles (EVs), renewable energy systems, and consumer electronics. Battery analytics and diagnostics are increasingly important as industry standards for fast charging and battery efficiency continue to rise. Lithium hydroxide, another lithium compound, is gaining attention for its potential use in next-generation batteries, such as lithium-sulfur and solid-state batteries. Environmental concerns and the need for sustainable mining practices are shaping the lithium industry. Lithium reserves are being explored and developed to meet the growing demand, while lithium-ion battery recycling is gaining traction as a solution for reducing the carbon footprint and minimizing the risk of battery fires. Battery technology advancements, including improvements in battery performance, battery safety, and battery capacity, are driving innovation in the energy storage sector. Lithium-ion battery testing and monitoring are essential to ensure battery life and reliability. Government regulations and ethical sourcing are becoming increasingly important in the lithium industry. Renewable energy sources, such as wind and solar, are driving demand for energy storage systems, further fueling the need for lithium carbonate. The battery supply chain is undergoing significant changes as new players enter the market and existing players expand their operations. Battery management systems and battery charging technologies, including wireless charging, are also advancing to meet the evolving needs of the industry. Power tools and consumer electronics are just a few of the many applications for lithium-ion batteries. The ongoing unfolding of market activities and evolving patterns in the market reflect the continuous dynamism and innovation in the battery industry.

How is this Lithium Carbonate Industry segmented?

The lithium carbonate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationBatteriesCeramics and glassCement and aluminumOthersDistribution ChannelDirect saleIndirect saleGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW).

By Application Insights

The batteries segment is estimated to witness significant growth during the forecast period.Lithium carbonate is a crucial component in the production of cathode materials for lithium-ion batteries, specifically those used in electric vehicles (EVs), energy grid storage, and consumer electronics. The purity level of lithium carbonate determines its grade; EV-grade lithium carbonate contains 99.9% lithium, while standard battery-grade lithium carbonate has a purity of 99.5%. Lithium carbonate's excellent electrochemical inertness makes it ideal for manufacturing the protective layer of cathodes, ensuring battery efficiency and longevity. The lithium industry focuses on sustainable mining practices to meet the increasing demand for lithium carbonate. L

The industrial grade lithium carbonate market, valued at approximately $1009 million in 2025, is projected to experience steady growth, driven primarily by the burgeoning electric vehicle (EV) sector and the expanding energy storage systems market. The increasing demand for lithium-ion batteries, crucial for EVs and grid-scale energy storage, is a major catalyst. Growth is further fueled by the increasing adoption of lithium carbonate in ceramics and specialty glass manufacturing, although the EV and energy storage sectors represent the most significant drivers of future expansion. The market is segmented by purity levels (99.0%, 99.3%, 99.8%), with higher purity grades commanding premium prices due to their superior performance in high-tech applications. Geographic growth is expected to be robust across regions, with North America and Asia-Pacific leading the way due to significant EV adoption and established manufacturing bases. However, supply chain constraints and geopolitical factors could potentially act as restraints, influencing price volatility and overall market growth. Competition is intense amongst major players like SQM, Albemarle, and Tianqi Lithium, leading to ongoing innovation and capacity expansion to meet rising demand. The forecast period (2025-2033) anticipates consistent expansion, with a compound annual growth rate (CAGR) of 3.6%, indicating a significant market opportunity for industry participants. The market's future trajectory hinges on several factors. Continued technological advancements in battery technology and the sustained growth of the renewable energy sector will significantly impact demand. Government policies promoting electric vehicle adoption and investments in renewable energy infrastructure will also play a crucial role. Conversely, fluctuations in lithium prices, driven by supply chain disruptions or geopolitical events, could impact market growth. Further research into alternative battery chemistries and the development of more sustainable lithium extraction methods could also influence the market's long-term outlook. Strategic partnerships and mergers and acquisitions within the industry are likely to further shape the competitive landscape, driving consolidation and innovation.

The global market for micronized battery-grade lithium carbonate is experiencing robust growth, driven by the burgeoning electric vehicle (EV) and energy storage sectors. The increasing demand for high-performance batteries necessitates the use of high-purity lithium carbonate, specifically the micronized grade, which enhances battery performance and longevity. While precise market size data for 2025 is not provided, considering a conservative CAGR of 15% (a reasonable estimate given industry trends) and assuming a 2024 market size of $5 billion (a plausible figure based on overall lithium carbonate market data), the 2025 market size is projected to be approximately $5.75 billion. This substantial market value is expected to continue its upward trajectory throughout the forecast period (2025-2033). Key drivers include the global shift towards renewable energy sources, stringent government regulations promoting EV adoption, and ongoing research and development leading to advancements in battery technology. The market is segmented by purity levels (99.5%, 99.8%, 99.9%) and application (energy storage, battery systems), with the energy storage segment currently dominating. Leading companies like Livent, SQM, Albemarle, and others are actively expanding their production capacities to meet the growing demand. Geopolitically, China remains a significant player, but regional diversification is also expected as other countries invest in lithium extraction and processing. The forecast period (2025-2033) promises further expansion, propelled by sustained growth in the EV market and large-scale energy storage deployments. However, potential restraints include the volatile price of lithium raw materials, geopolitical uncertainties impacting supply chains, and environmental concerns surrounding lithium mining. The market's future success hinges on addressing these challenges through sustainable mining practices, efficient resource management, and the development of alternative battery technologies. Despite these obstacles, the long-term outlook for micronized battery-grade lithium carbonate remains extremely positive, owing to the enduring need for high-performance batteries in a rapidly electrifying world. Continued innovation and investment in the sector will be crucial to meeting the expected surge in demand over the next decade. This in-depth report provides a comprehensive analysis of the global micronized battery grade lithium carbonate market, offering invaluable insights for industry stakeholders. We project a market value exceeding $15 billion by 2028, driven by the burgeoning electric vehicle (EV) sector and energy storage solutions. This report meticulously examines production, consumption patterns, pricing trends, and technological advancements, focusing on key players and emerging markets. Search terms like "lithium carbonate price," "battery-grade lithium," "EV battery materials," and "lithium market analysis" are strategically addressed within the report.

The global EV battery grade lithium carbonate market is experiencing robust growth, driven primarily by the burgeoning electric vehicle (EV) industry and the increasing demand for energy storage solutions. The market's expansion is fueled by government initiatives promoting EV adoption, advancements in battery technology leading to higher energy density and longer lifespan, and a growing awareness of environmental concerns surrounding fossil fuel-powered vehicles. While supply chain constraints and price volatility remain significant challenges, the long-term outlook remains positive, with a projected Compound Annual Growth Rate (CAGR) significantly exceeding the global average economic growth rate. This growth is expected to continue through 2033, driven by the expanding EV market in both developed and emerging economies. Major players such as SQM, Albemarle, and Livent are actively investing in capacity expansion and technological advancements to meet the increasing demand. However, the market is not without its challenges. Geopolitical factors, resource scarcity, and environmental concerns related to lithium mining and processing present potential obstacles to sustainable growth. Furthermore, the development and adoption of alternative battery technologies could impact the long-term demand for lithium carbonate. Nevertheless, the current market trajectory strongly suggests substantial growth in the coming decade, presenting significant opportunities for industry participants. The market segmentation, though not explicitly provided, likely includes various grades of lithium carbonate based on purity and application, as well as geographic regions reflecting variations in demand and production capacity. Competition is intense among established players and newer entrants, particularly from China, which has become a dominant force in lithium production and processing. The increasing integration of the lithium supply chain, from mining to processing and battery manufacturing, is another important trend shaping the market dynamics. Future growth will be contingent upon addressing the challenges of resource sustainability, responsible mining practices, and securing stable and reliable supply chains. Successful players will be those that can effectively manage these complex factors, while capitalizing on the significant market opportunities presented by the rapid expansion of the EV sector.

In February 2025, the average lithium carbonate import price amounted to $9,735 per ton, reducing by -6.8% against the previous month.