The Global Lithium Hydroxide Market was valued at USD 543.8 Million in 2022 and is projected to reach USD 1,069.5 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period (2023–2029). This robust growth is primarily fueled by the exponential rise in electric vehicle (EV) production, increasing demand for high-energy-density lithium-ion batteries, and the expanding applications of lithium hydroxide in lubricating greases and other industrial sectors.

As the world accelerates its transition to clean energy and sustainable transportation, the demand for high-purity lithium hydroxide has become a critical factor for the global economy. In this blog, we profile the Top 10 Companies in the Lithium Hydroxide Industry—a group of mining giants, chemical producers, and integrated lithium players who are securing the supply chain for the batteries of the future.

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🔟 1. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Battery-Grade Lithium Hydroxide, Technical-Grade Lithium Hydroxide

Albemarle is a global leader in lithium production and one of the largest suppliers of lithium hydroxide. The company operates lithium resources in the United States, Chile, and Australia, supplying major battery manufacturers and automotive OEMs worldwide. Its substantial investment in expansion projects underscores its commitment to meeting the soaring demand for EV battery materials.

Strategic Expansion Initiatives:

• Major capacity expansions in the U.S. and Australia to significantly increase lithium hydroxide output

• Long-term supply agreements with top-tier battery and automotive companies

• Focused on sustainable lithium extraction and processing technologies

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9️⃣ 2. SQM (Sociedad Química y Minera)

Headquarters: Santiago, Chile
Key Offering: High-Purity Lithium Hydroxide Monohydrate, Battery-Grade LiOH

SQM is a Chilean chemical company and a major player in the global lithium market, deriving lithium from the brine deposits of the Salar de Atacama. The company has been aggressively expanding its lithium hydroxide production capacity to cater to the specific needs of the cathode market for NMC (Nickel Manganese Cobalt) batteries.

Strategic Expansion Initiatives:

• Significant investment in increasing lithium hydroxide capacity in Chile

• Strategic partnerships with Korean and Chinese cathode producers

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8️⃣ 3. Livent Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Lutian® Lithium Hydroxide, Battery-Grade LiOH·H₂O

Livent is a pure-play lithium producer with a long history in the industry, known for its high-quality battery-grade lithium hydroxide. The company operates a vertically integrated supply chain from brine extraction in Argentina to downstream processing, serving a global customer base.

Strategic Expansion Initiatives:

• Expanding lithium hydroxide production capacity in the United States and internationally

• Focused on long-term, binding contracts with key EV battery cell manufacturers

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7️⃣ 4. Ganfeng Lithium Co., Ltd.

Headquarters: Xinyu, Jiangxi, China
Key Offering: Battery-Grade Lithium Hydroxide, Lithium Hydroxide Monohydrate

Ganfeng Lithium is one of the world’s leading lithium compounds producers and a key supplier from China. The company has a diverse portfolio of lithium resources, including spodumene mines and brine assets, and has rapidly scaled up its lithium hydroxide production to become a dominant force in the Asian market.

Strategic Expansion Initiatives:

• Aggressive global acquisitions of lithium resources in Australia, Argentina, and Mexico

• Massive capacity expansion for lithium hydroxide to secure supply for the EV boom

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6️⃣ 5. Tianqi Lithium Corporation

Headquarters: Chengdu, Sichuan, China
Key Offering: Tianqi Brand Lithium Hydroxide, High-Purity Battery-Grade LiOH

Tianqi Lithium is a major Chinese lithium producer with a significant stake in the Greenbushes mine in Australia, one of the world’s largest lithium spodumene resources. The company has invested heavily in converting spodumene concentrate into high-value lithium hydroxide, positioning itself as a critical supplier for the global battery industry.

Strategic Expansion Initiatives:

• Commissioning of large-scale lithium hydroxide plants in China and Australia

• Strategic focus on vertically integrated operations from mine to battery-grade chemical

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5️⃣ 6. LevertonLithium (Sichuan Yahua Industrial Group Co., Ltd.)

Headquarters: Ya’an, Sichuan, China
Key Offering: Yahua Lithium Hydroxide, Battery-Grade and Industrial-Grade LiOH

Yahua Group has emerged as a significant lithium hydroxide producer, leveraging its chemical manufacturing expertise. The company has secured long-term spodumene supply and built substantial conversion capacity, making it a key partner for battery makers, particularly within China’s vast supply chain.

Strategic Expansion Initiatives:

• Rapid scaling of lithium hydroxide production capacity through new plant constructions

• Strategic offtake agreements with major lithium miners for raw material security

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4️⃣ 7. Sigma Lithium

Headquarters: Vancouver, Canada (Operations in Minas Gerais, Brazil)
Key Offering: Battery-Grade Lithium Hydroxide (planned), Lithium Concentrate

Sigma Lithium is a developing lithium producer focused on its large-scale Grota do Cirilo project in Brazil. While initially producing spodumene concentrate, the company has outlined plans for a vertically integrated operation that includes the production of battery-grade lithium hydroxide, positioning it to become a major supplier in the Americas.

Strategic Expansion Initiatives:

• Phase 2 and 3 expansion plans include building a lithium hydroxide conversion plant in Brazil

• Focus on environmentally sustainable and carbon-neutral lithium production

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3️⃣ 8. Allkem Limited

Headquarters: Buenos Aires, Argentina (ASX/TSX Listed)
Key Offering: Lithium Hydroxide (from Olaroz and Naraha), Lithium Carbonate

Formed from the merger of Orocobre and Galaxy Resources, Allkem is a top-tier global lithium chemicals company. It operates the Olaroz lithium brine facility in Argentina and the Naraha lithium hydroxide plant in Japan, giving it a unique geographic footprint and direct access to key battery markets.

Strategic Expansion Initiatives:

• Expansion of lithium hydroxide production capacity at the Naraha plant in Japan

• Development of the Olaroz Stage 2 and Sal de Vida projects to increase feedstock for hydroxide conversion

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2️⃣ 9. Pilbara Minerals

Headquarters: West Perth, Australia
Key Offering: Spodumene Concentrate (Pilgan Product), Future Lithium Hydroxide

Pilbara Minerals is a leading Australian lithium spodumene producer from its Pilgangoora Operation. While primarily a miner, the company is strategically moving downstream through partnerships, including a joint venture to build a lithium hydroxide conversion facility in South Korea, aiming to capture more value from the battery supply chain.

Strategic Expansion Initiatives:

• POSCO JV for the construction of a 43,000-tonne lithium hydroxide plant in South Korea

• Continuous expansion of spodumene concentrate production to feed growing hydroxide demand

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1️⃣ 10. Lithium Americas Corp.

Headquarters: Vancouver, Canada
Key Offering: Future Battery-Grade Lithium Hydroxide (from Thacker Pass and Caucharí-Olaroz)

Lithium Americas is a development-stage company with two advanced projects: the Thacker Pass clay-based project in Nevada, USA, and the Caucharí-Olaroz brine project in Argentina. The company is designed to be a major future producer of battery-grade lithium hydroxide, particularly for the North American EV market.

Strategic Expansion Initiatives:

• Focused on developing Thacker Pass as a large-scale, domestic source of lithium hydroxide for the U.S. supply chain

• Strategic partnerships and funding from major automakers and battery manufacturers

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Lithium Hydroxide Market – View in Detailed Research Report

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🌍 Outlook: The Future of Lithium Hydroxide Is Electric and Efficient

The lithium hydroxide market is at the epicenter of the global energy transition. While current production is concentrated among a few key players, the industry is witnessing unprecedented investment in new mining projects, conversion facilities, and recycling technologies to create a more resilient and sustainable supply chain.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion in North America and Europe to reduce reliance on Asian supply chains

• Technological innovation in direct lithium extraction (DLE) for higher efficiency and lower environmental impact

• Increasing preference for lithium hydroxide over carbonate for high-nickel NMC and NCA cathode chemistries

• Growing investment in lithium battery recycling to create a circular economy for lithium materials

Get Full Report Here:
Lithium Hydroxide Market – View in Detailed Research Report

The companies listed above are not only supplying a critical battery material—they are fundamentally enabling the electric future of global transportation and energy storage.