Lithium rose to 94,400 CNY/T on December 2, 2025, up 0.05% from the previous day. Over the past month, Lithium's price has risen 16.54%, and is up 20.64% compared to the same time last year, 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 December of 2025.

This statistic shows the forecasted price of spodumene from 2016 to 2020. It is forecasted that in 2020, spodumene will cost *** U.S. dollars per metric ton, an increase from the forecasted price in 2016 of *** U.S. dollars per metric ton. Spodumene is a mineral from which lithium can be produced.

Explore the volatility in the lithium spodumene market driven by fluctuating demand, geopolitical factors, and technological advancements. Understand how EV growth, sustainable mining practices, and macroeconomic conditions influence prices, offering insights for stakeholders in the lithium supply chain.

The global spodumene concentrate market is experiencing robust growth, driven by the burgeoning demand for lithium-ion batteries in the electric vehicle (EV) and energy storage sectors. With a market size of $4,055 million in 2025 and a projected Compound Annual Growth Rate (CAGR) of 7.3% from 2025 to 2033, the market is poised for significant expansion. This growth is fueled by several factors, including the increasing adoption of EVs globally, the expanding energy storage infrastructure for renewable energy sources, and the growing application of lithium in consumer electronics and specialized ceramics. The various grades of spodumene concentrate (5% Li₂O, 6% Li₂O, 7% Li₂O, and others) cater to different applications, with higher-grade concentrates commanding premium prices due to their higher lithium content and reduced processing requirements. Major players like AMG, Rio Tinto, and Pilbara Minerals are strategically investing in expanding their production capacities and exploring new lithium resources to meet the surging demand. Geographic distribution shows a strong concentration in regions with significant lithium reserves and established mining operations, particularly in Australia, South America, and parts of North America. However, ongoing challenges such as fluctuating lithium prices, supply chain disruptions, and environmental concerns related to lithium mining will continue to shape market dynamics. The continued growth of the spodumene concentrate market hinges on technological advancements improving extraction and processing efficiency, a greater focus on sustainable mining practices to mitigate environmental impact, and the successful development and implementation of lithium-ion battery recycling technologies. Furthermore, government policies supporting the adoption of EVs and renewable energy infrastructure in key markets will play a crucial role in driving future demand. Competition among producers will intensify as the market expands, with companies focusing on optimizing their operations, securing long-term off-take agreements, and expanding into new geographic areas to maintain market share and profitability. Regional variations in demand and regulatory environments will also necessitate targeted strategies for successful market penetration. The diversification of applications beyond the EV sector, although presently less significant, could also contribute to overall market growth.

Explore the factors influencing lithium spodumene spot prices, critical for lithium production and the global supply chain. Discover how demand from the electronics, automotive, and energy sectors, along with mining capabilities and geopolitical influences, affect these prices. Stay informed on market trends impacting lithium commodities.

In the financial year 2024, the value of lithium spodumene concentrate mined in Western Australia amounted to **** billion Australian dollars. This was a significant decrease from the previous financial year.

In the financial year 2024, the value of lithium spodumene concentrate exports from Western Australia to China amounted to almost ************ Australian dollars. Most of the spodumene concentrate mined in Western Australia was exported to China.

The industrial grade spodumene market, a crucial component in lithium-ion batteries and metallurgical applications, is experiencing robust growth. While the provided CAGR is missing, considering the booming electric vehicle (EV) sector and increasing demand for lithium-based energy storage solutions, a conservative estimate places the CAGR at 15% for the forecast period (2025-2033). With a 2025 market size of $2475 million, this implies significant expansion. The market is driven primarily by the exponential rise in EV adoption globally, necessitating vast quantities of lithium-ion batteries. Furthermore, increasing demand for lithium in metallurgical applications, particularly in ceramics and glass manufacturing, contributes to overall market growth. Segmentation reveals a strong preference for high-concentration spodumene due to its superior extraction efficiency and lower processing costs, compared to low-concentration spodumene. Geographically, the Asia-Pacific region, particularly China, is expected to dominate the market, driven by its extensive manufacturing base and burgeoning EV industry. However, North America and Europe are also witnessing considerable growth due to increasing governmental support for renewable energy and EV infrastructure development. While supply chain constraints and fluctuating lithium prices present challenges, the long-term outlook for industrial grade spodumene remains exceptionally positive, fueled by the sustained growth of the global lithium-ion battery market. The major players in the industrial grade spodumene market, including Tianqi Lithium, Albemarle Corporation, Pilbara Minerals, Mineral Resources, SQM, and Ganfeng Lithium, are actively investing in expanding their production capacities and exploring new lithium sources to meet the escalating demand. Competition is fierce, leading to innovation in extraction techniques and downstream processing to improve efficiency and reduce costs. The market is likely to see further consolidation in the coming years as companies seek to secure long-term supply agreements and gain a competitive edge. Technological advancements in battery chemistry, specifically focusing on improving energy density and lifespan, are also anticipated to boost demand for high-quality spodumene. Regulatory frameworks promoting sustainable mining practices and the transition to renewable energy will also shape the future trajectory of this dynamic market.

Explore the factors influencing the lithium spodumene price chart, a key component in battery manufacturing for EVs and renewable energy. Understand its market dynamics, technological impacts, and cost variables that shape prices. Analyze historical data to forecast trends amid rising global lithium demand.

As of September 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 closely, 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 2025 financial year, Pilbara Minerals’ revenue reached *** million Australian dollars. The company’s production volume of lithium spodumene concentrates amounted to just over *** thousand dry metric tons in 2025. 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 midstream lithium processing opportunities, it remains to be seen if China will still be the nation’s leading lithium trade partner.

The Industrial Grade Spodumene market is booming, projected to reach $2912 million by 2033 with a 9.7% CAGR. Driven by EV & energy storage demand, key players like Albemarle and Tianqi Lithium are shaping this rapidly growing sector. Explore market trends, regional analysis, and future forecasts.

The Industrial Grade Spodumene market is booming, projected to reach $2.93 billion by 2033 with a 9.7% CAGR. Driven by soaring EV and energy storage demands, key players like Albemarle and Tianqi Lithium dominate. Learn about market trends, growth drivers, and regional insights in this comprehensive analysis.

Discover the booming spodumene mineral market forecast to 2033! This in-depth analysis reveals a 15% CAGR, driven by surging EV and energy storage demand. Explore market size, key players (Albemarle, Ganfeng Lithium), regional trends, and growth challenges. Learn how the lithium battery revolution is shaping the future of this crucial mineral.

The global spodumene concentrate market, valued at $2,263 million in 2025, is projected to experience robust growth, driven primarily by the burgeoning demand for lithium-ion batteries fueling the electric vehicle (EV) revolution and the expanding energy storage sector. A compound annual growth rate (CAGR) of 7.5% from 2025 to 2033 indicates a significant market expansion, reaching an estimated value exceeding $4,000 million by 2033. This growth is fueled by increasing government incentives for EV adoption worldwide, coupled with advancements in battery technology leading to higher energy density and longer lifespan. Key players like AMG, Keliber, Rio Tinto, and others are strategically investing in expanding their production capacities to meet the surging demand, leading to increased competition and innovation within the market. However, potential restraints include the geographical concentration of spodumene resources, geopolitical uncertainties impacting supply chains, and environmental concerns related to lithium mining and processing. Successfully navigating these challenges will be crucial for continued market expansion and profitability for industry participants. The market segmentation, while not explicitly provided, likely reflects distinctions based on grade of concentrate (e.g., battery grade, chemical grade), geographic region (e.g., Australia, South America, North America), and application (e.g., batteries, ceramics). Further analysis would show that regional disparities in market share will probably mirror existing lithium production hotspots, with Australia and South America likely holding significant portions of the market. As the demand grows, however, other regions may witness increased production and contribute to a more diversified market landscape. The evolving technological landscape, including advancements in lithium extraction and processing technologies, is also expected to influence the market trajectory and profitability of various players.

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.

563 Global import shipment records of Spodumene Concentrate with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Spodumene concentrate (lithium ore) has become by far the dominant product in the industry over recent years. Spodumene concentrate is still mainly exported to China for further processing, but major mining firms have started using it domestically to refine lithium hydroxide. Given lithium's importance for battery manufacturing, many downstream buyers stockpiled lithium, prompting a spike in world prices. Skyrocketing spodumene concentrate prices fuelled revenue and profitability growth over the two years through 2022-23. This historic price surge prompted miners to boost output and capitalise on favourable market conditions, causing a wave of lithium supply to flood the market, which led to an oversupply issue. Due to the supply surge, prices started to normalise during 2023 and have plummeted over the two years through 2024-25. Softer lithium prices have prompted aggressive cost-cutting initiatives. Some producers, like Mineral Resources, are scaling back their production targets and investment strategies to maintain profitability, while some smaller miners have suspended operations entirely. Although prices have receded and are set to remain weak in 2024-25, they remain well above 2019-20 levels. Higher prices coupled with an overall climb in domestic production are why revenue is anticipated to have soared at an annualised 18.1% over the five years through 2024-25, to $5.4 billion, including a 52.3% plummet in 2024-25. Exports are expected to generate more than 80% of revenue in 2024-25, a share that has soared over the past decade as lithium concentrates dominate the market. Even so, mining firms will increasingly transfer products to domestic refining to produce lithium hydroxide over the coming years. This will mostly be performed by vertically integrated mining companies, with the value estimated as an intra-company transaction. This trend will cut into lithium export revenue, as lithium hydroxide exports are accounted for in the Gold and Other Non-ferrous Metal Processing industry. Domestic refining initiatives and growing non-lithium projects are poised to constrain lithium exports over the coming years. Recent price volatility and weak market conditions have halted newer projects, as demonstrated by the closure and paused expansions at the Tianqi Kwinana facility in January 2025. New non-lithium projects like the Paradise South operation and the Mardie Salt and Potash Project will support export revenue, limiting revenue declines attributable to the low lithium prices. Revenue is forecast to weaken at an annualised 0.4% over the five years through 2029-30, to $5.3 billion.

The global spodumene concentrate market is booming, reaching $2263.7 million in 2025 with a 7.2% CAGR through 2033. Driven by EV & renewable energy growth, this analysis reveals key drivers, trends, restraints, and major players like Albemarle and Rio Tinto. Explore market size, regional shares, and future projections.

The lithium market is experiencing explosive growth, driven by the burgeoning electric vehicle (EV) industry and the increasing demand for energy storage solutions. With a Compound Annual Growth Rate (CAGR) of 19.57% from 2019 to 2033, the market's value is projected to significantly expand. This robust growth is fueled by several key factors. Firstly, the global transition towards cleaner energy sources is heavily reliant on lithium-ion batteries, making lithium a critical raw material. Secondly, advancements in battery technology are increasing energy density and reducing costs, further stimulating demand. Government incentives and policies supporting EV adoption and renewable energy infrastructure are also playing a crucial role. However, the market faces challenges such as supply chain constraints, geopolitical risks associated with lithium production concentration, and environmental concerns related to lithium mining. The market is segmented by various factors including battery chemistry (e.g., LCO, NMC, LFP), application (e.g., EVs, energy storage systems, portable electronics), and geographic region. Major players like Albemarle Corporation, SQM SA, and Ganfeng Lithium Co Ltd are fiercely competing to secure market share, engaging in strategic partnerships, mergers and acquisitions, and capacity expansions to meet the escalating demand. The market's future trajectory hinges on overcoming supply bottlenecks, achieving sustainable mining practices, and the continued technological advancements in battery technology. Despite challenges, the forecast for the lithium market remains remarkably positive. The increasing affordability and accessibility of electric vehicles, combined with the growing adoption of renewable energy technologies, point towards a continued surge in lithium demand throughout the forecast period (2025-2033). Regional variations in market growth will likely be influenced by factors such as government policies, infrastructure development, and the presence of established lithium mining and processing industries. It is crucial for market participants to proactively address the environmental and social responsibilities associated with lithium extraction to ensure the long-term sustainability of this vital industry. The strategic positioning of key players, coupled with continuous technological innovations in battery technology and recycling processes, will play a pivotal role in shaping the future of the lithium market. Future research will likely focus on improving extraction methods, developing alternative lithium sources, and optimizing battery performance for maximum efficiency and sustainability. Recent developments include: May 2022: Mineral Resources marked a significant milestone in its lithium growth strategy with the first new spodumene concentrate delivered at the Wodgina Lithium Project in the Pilbara region of Western Australia., April 2022: SQM SA planned to invest USD 900 million in 2022 as part of its plan to increase lithium carbonate and hydroxide production capacity. The company has plans to enhance lithium carbonate production capacity to 180,000 metric ton per annum in the future. Furthermore, the capacity is likely to reach 210,000 tons by early 2023., April 2022: Avalon Advanced Materials Inc. signed an agreement with RenJoules International Ltd, an Essar Company, to become a strategic partner and co-developer in support of Avalon's plans to establish a regional lithium battery materials supply chain. This agreement may fulfill the needs of upcoming electric vehicle and battery manufacturers in Ontario and other regions.. Key drivers for this market are: Accelerating Demand for Electric Vehicles, Increasing Usage and Demand by Portable Consumer Electronics; Other Drivers. Potential restraints include: Accelerating Demand for Electric Vehicles, Increasing Usage and Demand by Portable Consumer Electronics; Other Drivers. Notable trends are: The Battery Application Segment to Dominate the Market.

The global adoption of electric vehicles (EVs), driven by environmental consciousness, advances in battery technology, and declining prices, has accelerated demand for battery materials, especially lithium. This growing need is reflected in elevated lithium prices, triggering an upsurge in lithium production and exploration activities. However, because of oversupply, lithium prices have plunged from their peak in 2022-23, adversely impacting battery material miners' revenue and profitability in the two years through 2024-25. Australian lithium miners are moving downstream, refining spodumene concentrate into pure lithium products like lithium hydroxide to capture more value. Overall, industry revenue has grown at an annualised 29.1% over the past five years to $6.3 billion. This includes a plunge of 38.5% in 2024-25, as lithium export prices continue to plummet. Demand for cobalt is growing due to its use in preventing batteries from overheating. As cobalt is almost entirely produced as a by-product of nickel and copper mining, growth in the price of cobalt doesn't necessarily result in an increase in supply. Most global cobalt is currently sourced from the Democratic Republic of Congo. However, demand for cobalt produced from Australian mines has risen as battery manufacturers have sought to secure a more reliable and ethical source of cobalt. Although lithium prices are forecast to moderate over the coming years, the ongoing rise in EV consumption will continue driving lithium production. As Australian miners continue to tap into advancing their refining infrastructure to produce lithium hydroxide, domestic demand for spodumene is set to accelerate. This means a greater share of revenue and exports will be included under the Gold and Other Non-Ferrous Minerals Processing industry, exerting downward pressure on revenue growth and exports' share of revenue. Policies like the National Battery Strategy are also promoting this downstream progression. New battery technologies incorporating materials like vanadium and graphene are set to expand industry participation. These factors are the reason why battery material mining revenue will rise by an annualised 1.1% through the end of 2029-30 to $6.6 billion.