Code: MTA7832 | Publication Date: Aug 2025 |
The market is expanding on the back of surging EV cathode demand (especially LFP), capacity additions across brine and hard-rock assets, and supportive critical-minerals policies.
Lithium carbonate market is witnessing trends like rising LFP in EV and stationary storage applications, heightened price volatility with greater reliance on spot market indexation, and a notable shift towards vertical integration by both OEMs and cell manufacturers to secure supply. Experience in scaling lithium carbonate or hydroxide (or direct lithium extraction pilot projects) is expected to tighten recovery rates out of brine, and increase traceability, sustainability reporting, and life-cycle carbon foot printing of the supply chain.
Lithium carbonate market is experiencing developments such as the commercialization of advanced DLE technologies for brines, adoption of low-carbon production methods powered by renewable energy, and the discovery of new economically viable deposits across Africa and Canada. Price risk management techniques, long-term offtake agreements and hedging are increasingly applied to counterbalance such market fluctuations. An enhancement of conversion flexibility between the carbonate and hydroxide is also on focus to keep pace with the changing cathode chemistry.
Below is a comprehensive list of the leading market players driving growth in this sector:
Company Name | Albemarle Corporation |
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Established Year | 1994 |
Headquarters | Charlotte, North Carolina, USA |
Official Website | Click Here |
Albemarle is a global leader in lithium production, supplying high-purity lithium carbonate for battery manufacturing, energy storage systems, and diverse industrial applications worldwide.
Company Name | Ganfeng Lithium Co., Ltd. |
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Established Year | 2000 |
Headquarters | Xinyu, Jiangxi, China |
Official Website | Click Here |
Ganfeng Lithium produces battery-grade lithium carbonate for electric vehicles, energy storage, and electronics, with vertically integrated operations spanning mining, refining, and recycling technologies.
Company Name | SQM (Sociedad QuÃmica y Minera de Chile S.A.) |
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Established Year | 1968 |
Headquarters | Santiago, Chile |
Official Website | Click Here |
SQM is a top supplier of lithium carbonate from brine sources, supporting electric mobility, energy storage, and specialty chemical sectors with sustainable production practices.
Company Name | Tianqi Lithium Corporation |
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Established Year | 1995 |
Headquarters | Chengdu, Sichuan, China |
Official Website | Click Here |
Tianqi Lithium offers high-grade lithium carbonate products for lithium-ion batteries, glass, ceramics, and industrial uses, with strong market presence in Asia-Pacific and beyond.
Company Name | Livent Corporation |
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Established Year | 2018 |
Headquarters | Philadelphia, Pennsylvania, USA |
Official Website | Click Here |
Livent specializes in performance lithium compounds, producing high-purity lithium carbonate for advanced batteries, polymers, and specialty applications in sustainable energy markets globally.
Company Name | Orocobre Limited (Allkem Limited) |
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Established Year | 2007 |
Headquarters | Brisbane, Australia |
Official Website | Click Here |
Allkem produces lithium carbonate from brine operations in Argentina, serving electric vehicle, renewable energy, and specialty industrial markets with a focus on environmental sustainability.
Company Name | Mineral Resources Limited |
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Established Year | 1993 |
Headquarters | Perth, Western Australia, Australia |
Official Website | Click Here |
Mineral Resources engages in integrated lithium operations, producing battery-grade lithium carbonate for global EV supply chains, renewable power systems, and industrial chemical manufacturing.
Company Name | Nemaska Lithium Inc. |
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Established Year | 2008 |
Headquarters | Quebec City, Quebec, Canada |
Official Website | Click Here |
Nemaska Lithium develops high-purity lithium carbonate from spodumene ore, targeting electric vehicle, energy storage, and specialty chemical industries with eco-friendly production processes.
Company Name | Piedmont Lithium Inc. |
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Established Year | 2016 |
Headquarters | Belmont, North Carolina, USA |
Official Website | Click Here |
Piedmont Lithium aims to be a strategic supplier of battery-grade lithium carbonate for North Americaâs EV and energy storage markets through sustainable mining operations.
Company Name | Sigma Lithium Corporation |
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Established Year | 2012 |
Headquarters | Vancouver, British Columbia, Canada |
Official Website | Click Here |
Sigma Lithium produces environmentally responsible lithium carbonate from hard rock deposits in Brazil, supplying the global electric mobility and renewable energy storage industries.