The Global Chemical Grade Lithium Concentrate Market was valued at USD 3.45 Billion in 2024 and is projected to reach USD 5.67 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period (2024–2030). This remarkable growth is fueled by skyrocketing demand for lithium-ion batteries, the accelerating electrification of transportation, and expanding energy storage infrastructure worldwide.

As the backbone of the EV battery supply chain, chemical grade lithium concentrate producers are scaling operations and pioneering sustainable extraction methods. This analysis profiles the Top 10 Companies in the Chemical Grade Lithium Concentrate Market—the industry leaders currently shaping global lithium supply chains.

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🔟 1. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Lithium carbonate, lithium hydroxide, spodumene concentrate

Albemarle dominates global lithium production with integrated operations across Chile, Australia, and the U.S. The company maintains long-term supply agreements with major battery manufacturers and EV producers.

Capacity Expansion:

• Current lithium production: 200,000 metric tons LCE annually
• Planned capacity: 500,000 metric tons LCE by 2030
• Major assets include Greenbushes mine (Australia) and Silver Peak (USA)

Download FREE Sample Report: Global Chemical Grade Lithium Concentrate Market – View in Detailed Research Report

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9️⃣ 2. SQM (Sociedad Química y Minera de Chile)

Headquarters: Santiago, Chile
Key Offering: Lithium carbonate, lithium hydroxide, potassium products

SQM operates the world’s lowest-cost lithium brine operations in Chile’s Atacama Desert, supplying approximately 20% of global lithium demand.

Sustainability Leadership:

• Carbon neutral operations by 2030 commitment
• Water usage reduction targets of 40% by 2030
• Direct lithium extraction technology implementation

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8️⃣ 3. Tianqi Lithium Corporation

Headquarters: Chengdu, China
Key Offering: Spodumene concentrate, lithium chemicals

Tianqi Lithium is a vertically integrated leader with assets spanning Australian mines to Chinese processing facilities, controlling nearly 30% of global lithium supply.

Strategic Advantages:

• Owns 51% stake in world’s largest hard-rock lithium mine (Greenbushes)
• Annual production capacity exceeding 1.5 million tons concentrate
• Major expansion projects in Sichuan province underway

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7️⃣ 4. Pilbara Minerals

Headquarters: West Perth, Australia
Key Offering: High-grade spodumene concentrate

Pilbara Minerals operates the world-class Pilgangoora lithium-tantalum project, positioned as a low-cost producer with direct access to Asian battery markets.

Market Position:

• Annual production capacity: 680,000 metric tons
• Customer base includes major cathode producers
• Expanding downstream lithium conversion capabilities

Download FREE Sample Report: Global Chemical Grade Lithium Concentrate Market – View in Detailed Research Report

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6️⃣ 5. Allkem Limited

Headquarters: Brisbane, Australia
Key Offering: Lithium carbonate, spodumene concentrate

Formed through the merger of Orocobre and Galaxy Resources, Allkem has become a leading global lithium chemicals supplier with diversified assets.

Production Growth:

• Current output: 50,000 metric tons LCE annually
• Target capacity: 130,000 metric tons by 2026
• Operations span Australia, Argentina, Canada, and Japan

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5️⃣ 6. Mineral Resources Limited

Headquarters: Perth, Australia
Key Offering: Spodumene concentrate, lithium hydroxide

Mineral Resources operates large-scale lithium mines in Western Australia through joint ventures with leading industry players.

Key Assets:

• Wodgina mine capacity: 750,000 metric tons annually
• Integrated crushing and ore sorting operations
• Strategic partnerships across lithium value chain

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4️⃣ 7. Sigma Lithium

Headquarters: Vancouver, Canada
Key Offering: Battery-grade lithium concentrate

Sigma Lithium is developing Brazil’s largest lithium hard-rock project with a strong focus on ESG principles and sustainable production.

Sustainability Focus:

• 100% renewable energy operations
• Closed-loop water recycling system
• Carbon neutral production roadmap

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3️⃣ 8. Core Lithium

Headquarters: Darwin, Australia
Key Offering: Premium spodumene concentrate

Core Lithium operates the Finniss Lithium Project in Northern Territory, strategically positioned for Asian battery market supply.

Growth Potential:

• Initial capacity: 175,000 metric tons annually
• Expansion potential to 1 million metric tons
• Proximity to Darwin export facilities

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2️⃣ 9. Zhejiang Huayou Cobalt

Headquarters: Tongxiang, China
Key Offering: Lithium chemicals, cobalt products

Huayou Cobalt has rapidly expanded its lithium footprint through strategic acquisitions in Africa and Southeast Asia.

Vertical Integration:

• Mine-to-cathode production capabilities
• Major investments in Zimbabwe and Indonesia
• Strong ties to Chinese battery makers

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1️⃣ 10. Liontown Resources

Headquarters: West Perth, Australia
Key Offering: High-purity spodumene concentrate

Liontown is developing the Kathleen Valley lithium project, slated to become a major Australian lithium producer.

Project Highlights:

• Initial production capacity: 500,000 metric tons
• Estimated mine life exceeding 23 years
• Offtake agreements with Tesla and LG Energy Solution

Get Full Report Here: Global Chemical Grade Lithium Concentrate Market – View in Detailed Research Report

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🔋 Market Outlook: The Lithium Expansion Era

The chemical grade lithium concentrate market is experiencing unprecedented transformation as producers race to meet exponential demand from battery makers. With technological innovations and new supply chains emerging, the industry is evolving rapidly.

⚡ Key Market Trends:

• Production capacity doubling in Australia and South America
• Breakthroughs in direct lithium extraction methods
• Increased vertical integration across supply chain
• Growing emphasis on sustainable mining practices

Get Full Report Here: Global Chemical Grade Lithium Concentrate Market – View in Detailed Research Report

The companies profiled above are not just lithium suppliers—they’re enabling the global energy transition through strategic investments and technological leadership.