This statistic shows the forecasted price of spodumene from 2016 to 2020. It is forecasted that in 2020, spodumene will cost 550 U.S. dollars per metric ton, an increase from the forecasted price in 2016 of 517 U.S. dollars per metric ton. Spodumene is a mineral from which lithium can be produced.

Lithium fell to 59,900 CNY/T on June 24, 2025, down 0.08% from the previous day. Over the past month, Lithium's price has fallen 4.16%, and is down 34.54% 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 June of 2025.

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 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.

The Industrial Grade Spodumene market, valued at $1398 million in 2025, is projected to experience robust growth, driven primarily by the burgeoning demand for lithium-ion batteries in electric vehicles (EVs) and energy storage systems (ESS). A compound annual growth rate (CAGR) of 9.7% from 2025 to 2033 signifies a substantial market expansion. This growth is fueled by increasing government incentives for EV adoption globally, along with the growing awareness of climate change and the need for renewable energy solutions. Key players like Tianqi Lithium, Albemarle Corporation, Pilbara Minerals, Mineral Resources, SQM, and Ganfeng Lithium are strategically investing in capacity expansion and technological advancements to meet the escalating demand. However, challenges remain, including price volatility linked to raw material availability and geopolitical factors influencing lithium mining operations. Furthermore, environmental concerns related to lithium extraction and processing necessitate sustainable mining practices and the development of environmentally friendly technologies. The market segmentation (although not provided) is likely to be categorized by product type (e.g., concentrate, chemical grade), application (e.g., batteries, ceramics), and geography. Regional variations in growth will depend on factors like EV adoption rates, government policies, and the presence of lithium resources. North America and Asia are expected to dominate the market due to strong demand from the automotive and energy sectors in these regions. The forecast period (2025-2033) suggests continued market expansion, driven by technological innovation in battery technologies and the ongoing transition towards cleaner energy sources. However, potential supply chain bottlenecks and the development of alternative battery chemistries could influence the long-term growth trajectory.

2464 Global import shipment records of Spodumene with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

The total cost of producing battery grade lithium carbonate by 2025 is expected to amount to approximately 4,165 and 5,500 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.

The global industrial grade spodumene market is experiencing robust growth, projected to reach a value of $2475 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 9.5% from 2025 to 2033. This expansion is primarily driven by the burgeoning demand for lithium-ion batteries in electric vehicles (EVs), energy storage systems (ESS), and portable electronics. The increasing adoption of renewable energy sources and stringent government regulations promoting electric mobility are further fueling market expansion. The market is segmented by application (metallurgy, battery production) and type (low concentration spodumene, high concentration spodumene). Battery production currently dominates the application segment, significantly contributing to the overall market value. High-concentration spodumene is favored due to its higher lithium content, leading to improved battery performance and reduced processing costs, thus commanding a larger market share compared to low-concentration spodumene. Key players like Tianqi Lithium, Albemarle Corporation, Pilbara Minerals, Mineral Resources, SQM, and Ganfeng Lithium are strategically investing in mine expansions and processing facilities to meet the soaring demand, fostering intense competition and innovation within the industry. Geographical distribution shows a concentration of production and consumption in key regions like Asia-Pacific (particularly China), North America, and Europe, though other regions are also experiencing growth. The market's trajectory is influenced by several factors. Fluctuations in lithium prices, coupled with the availability of raw materials and geopolitical stability in key producing regions, pose challenges to sustained growth. Moreover, environmental concerns surrounding lithium mining and processing necessitate the adoption of sustainable practices to mitigate potential negative impacts. Despite these challenges, the long-term outlook for the industrial grade spodumene market remains positive, driven by the relentless growth of the global EV market and broader adoption of lithium-ion battery technologies across various sectors. The continuous technological advancements in battery technology, aiming for higher energy density and improved performance, will further stimulate demand for high-quality spodumene, bolstering market expansion.

The global spodumene mineral market is experiencing robust growth, driven by the burgeoning demand for lithium-ion batteries in the electric vehicle (EV) and energy storage systems (ESS) sectors. 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 factors, including the increasing adoption of EVs worldwide, government initiatives promoting renewable energy, and advancements in battery technology leading to higher energy density and longer lifespans. Key applications driving demand include chemical processing for lithium hydroxide and lithium carbonate production, as well as use in ceramics and glass manufacturing. However, the market also faces challenges like price volatility in lithium raw materials, geopolitical uncertainties impacting supply chains, and environmental concerns surrounding lithium mining and processing. The increasing exploration and development of new spodumene deposits, along with technological advancements in extraction and processing, are anticipated to mitigate some of these constraints. Segmentation by type (spodumene, kunzite, hiddenite, others) and application (chemical, ceramics, metallurgy, glass, others) reveals that chemical processing for battery production constitutes the largest segment, with consistent high growth expected throughout the forecast period. Geographical analysis indicates strong market presence in North America and Asia-Pacific, with China and Australia playing pivotal roles as major producers and consumers. The competitive landscape is marked by a mix of established players and emerging companies, including both mining giants and specialized lithium chemical producers. The strategic partnerships, mergers, and acquisitions within the industry reflect the intense competition and pursuit of market share. Companies like Albemarle, Ganfeng Lithium, and Pilbara Minerals are actively expanding their production capacities and exploring new technologies to cater to the soaring demand for lithium-based products. This dynamic interplay of factors—growth drivers, challenges, and competitive pressures—creates both opportunities and risks for stakeholders in the global spodumene mineral market. The market's overall trajectory suggests a continuation of substantial growth, though with inherent fluctuations in pricing and supply based on the evolving global energy landscape and technological advancements.

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.

Spodumene (Triphane) Market Outlook

The global spodumene (triphane) market size was valued at approximately USD 4.5 billion in 2023 and is projected to reach around USD 10.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.2% during the forecast period. This growth is primarily driven by the increasing demand for lithium-ion batteries, which are integral to the burgeoning electric vehicle (EV) market and renewable energy storage solutions.

One of the primary growth factors contributing to the expansion of the spodumene market is the accelerating adoption of electric vehicles (EVs). Governments worldwide are implementing stringent regulations to reduce carbon emissions, thereby propelling the demand for EVs. Spodumene, a crucial source of lithium, is essential in the manufacture of lithium-ion batteries that power these vehicles. As major automotive manufacturers continue to commit to electrification, the demand for spodumene is expected to soar, driving market growth significantly. Additionally, advancements in battery technology aiming to enhance energy density and reduce costs further bolster the market's trajectory.

Moreover, the rise in renewable energy projects is another pivotal growth factor for the spodumene market. Renewable energy sources, such as solar and wind, are inherently intermittent, necessitating efficient energy storage solutions to ensure a stable power supply. Lithium-ion batteries, derived from spodumene, are increasingly being adopted in energy storage systems (ESS) for their efficiency and reliability. This trend is expected to persist as nations strive to meet their renewable energy targets, thereby amplifying the demand for spodumene globally.

The ceramics and glass industries also contribute to the demand for spodumene. Spodumene is used as a fluxing agent in the production of glass and ceramics, helping to lower the melting temperature and improve the durability and quality of the final products. As the construction and real estate sectors rebound post-pandemic, the demand for high-quality ceramics and glass is anticipated to rise, indirectly boosting the spodumene market. Increasing urbanization and infrastructure development, particularly in emerging economies, further accentuate this demand.

From a regional perspective, Asia Pacific holds the largest share of the spodumene market, driven by the rapid industrialization and urbanization in countries like China and India. North America and Europe also present substantial growth prospects due to increasing investments in electric vehicles and renewable energy projects. Latin America and the Middle East & Africa are expected to witness moderate growth, supported by the ongoing development of their energy and automotive sectors.

Type Analysis

The spodumene market can be segmented by type into Green Spodumene, Yellow Spodumene, Pink Spodumene, and Others. Green spodumene, also known as Hiddenite, is sought after for both its industrial applications and its use as a gemstone. Its aesthetic appeal and rarity make it a valuable commodity in the gemstone market, while its lithium content makes it useful in industrial applications. The demand for hiddenite is relatively niche but steady, supported by its dual-purpose nature.

Yellow spodumene, commonly referred to as Triplite, is another variant that has industrial and gemstone applications. Its significance in the industrial sector stems from its lithium content, which is crucial for battery production. As the demand for lithium-ion batteries continues to surge, the value of yellow spodumene as a source of lithium is expected to rise. Additionally, its use in jewelry adds a supplemental revenue stream, bolstering its market position.

Pink spodumene, known as Kunzite, is highly valued for its aesthetic qualities. While it does have industrial applications, its primary value lies in its use as a gemstone. The market for pink spodumene is driven by consumer demand for unique and high-quality gemstones. This demand is particularly pronounced in regions with a rich tradition of gemstone use, such as Asia Pacific. The dual application of pink spodumene in both industrial and consumer markets ensures its continued relevance and growth.

Other types of spodumene include colorless and various less common colored variants. These types are primarily used for industrial applications, given their high lithium content. The demand for these variants is directly tied to the lithium market, which is experiencing robust growth due to the increasing d

831 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.

1294 Global import shipment records of Spodumene Concentrate with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

In the financial year 2024, the value of lithium spodumene concentrate mined in Western Australia amounted to 8.36 billion Australian dollars. This was a significant decrease from the previous financial year.

Stay updated with Market Research Intellect's Spodumene Concentrate Market Report, valued at USD 1.2 billion in 2024, projected to reach USD 2.8 billion by 2033 with a CAGR of 12.5% (2026-2033).

2588 Global exporters importers export import shipment records of Spodumene concentrate with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

In 2024, Pilbara Minerals produced approximately 725 thousand dry metric tons of lithium spodumene concentrates, a rise in production output amid high demand for lithium for use in electric car batteries. Pilbara Minerals is a leading lithium and tantalite mining company located in Western Australia.