The Global Minerals for Lithium Batteries Market was valued at USD 21.5 Billion in 2023 and is projected to reach USD 62.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period (2024–2030). This exponential growth is propelled by the global surge in electric vehicle (EV) adoption, the expansion of renewable energy storage systems, and increasing demand for high-performance consumer electronics. The market’s trajectory is fundamentally linked to the availability and refinement of critical minerals such as lithium, cobalt, nickel, and graphite.

As the world accelerates its shift towards electrification and decarbonization, the strategic importance of mineral supply chains has never been greater. These raw materials are the foundational components of lithium-ion batteries, which power everything from smartphones to grid-scale storage solutions. In this blog, we profile the Top 10 Companies in the Minerals for Lithium Batteries Industry—global mining giants and specialized chemical producers who are securing and processing the essential elements for a sustainable energy future.

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🔟 1. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Lithium Compounds (Carbonate, Hydroxide), Bromine, Catalysts

Albemarle is a world-leading producer of lithium for energy storage, serving the battery markets for electric vehicles, consumer electronics, and grid storage. The company operates major lithium resources in the United States, Chile, and Australia, with significant investments in expanding conversion capacity to meet soaring demand.

Strategic Initiatives:

• Major expansion of lithium production at the Greenbushes mine in Australia and Silver Peak in the USA.

• Investment in direct lithium extraction (DLE) technologies for more efficient and sustainable production.

• Long-term supply agreements with major automotive OEMs and battery manufacturers globally.

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9️⃣ 2. SQM SA (Sociedad Química y Minera)

Headquarters: Santiago, Chile
Key Offering: Lithium Carbonate, Lithium Hydroxide, Iodine, Solar Salts

SQM is one of the world’s largest lithium producers, leveraging its vast salar brine operations in the Atacama Desert, Chile. The company is a key supplier of high-purity lithium products essential for cathode active materials in high-energy-density batteries.

Strategic Initiatives:

• Ambitious plan to increase lithium carbonate and hydroxide capacity to 210,000 metric tons by 2025.

• Focus on sustainable water usage and reducing environmental impact in brine extraction processes.

• Strategic partnerships to develop lithium hydroxide production in Australia.

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8️⃣ 3. Ganfeng Lithium Co., Ltd.

Headquarters: Xinyu, Jiangxi, China
Key Offering: Lithium Metal, Lithium Compounds, Battery Products

Ganfeng Lithium is a vertically integrated Chinese leader in the lithium industry, with activities spanning mining, refining, and battery recycling. It has built a comprehensive global supply chain with investments in lithium resources across Australia, Argentina, and Mexico.

Strategic Initiatives:

• Aggressive global expansion through acquisitions of mining assets and offtake agreements.

• Development of solid-state battery technology through its subsidiary.

• Strong focus on building a closed-loop battery recycling ecosystem.

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7️⃣ 4. Glencore plc

Headquarters: Baar, Switzerland
Key Offering: Cobalt, Nickel, Copper, Zinc

Glencore is a dominant force in the supply of cobalt and nickel, two critical minerals for lithium-ion battery cathodes. The company’s extensive mining operations, particularly in the Democratic Republic of Congo (DRC) for cobalt, make it a pivotal player in the battery materials market.

Strategic Initiatives:

• Commitment to responsible sourcing and transparency in its cobalt supply chain from the DRC.

• Long-term supply agreements with major battery makers like Samsung SDI and Tesla.

• Investment in nickel production to support the growing demand for high-nickel cathodes (NMC, NCA).

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6️⃣ 5. Tianqi Lithium Industries Inc.

Headquarters: Chengdu, Sichuan, China
Key Offering: Lithium Carbonate, Lithium Hydroxide

Tianqi Lithium is a major global lithium producer with a significant stake in the Greenbushes mine in Australia, one of the world’s largest and highest-grade lithium resources. The company is focused on producing high-quality lithium compounds for the battery industry.

Strategic Initiatives:

• Strategic ownership in key lithium hard-rock and brine assets.

• Expansion of lithium chemical conversion capacity in China and Australia.

• Focus on technological innovation to improve lithium extraction and processing efficiency.

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5️⃣ 6. Pilbara Minerals

Headquarters: West Perth, Western Australia, Australia
Key Offering: Spodumene Concentrate (Lithium)

Pilbara Minerals operates the Pilgangoora Project, one of the largest hard-rock lithium-tantalum deposits globally. The company is a key supplier of spodumene concentrate, a primary feedstock for lithium hydroxide and carbonate production, to converters primarily in China.

Strategic Initiatives:

• Ongoing expansion projects to significantly increase spodumene concentrate production capacity.

• Development of a mid-stream lithium chemical processing facility through a joint venture.

• Pioneering a digital Battery Material Exchange Platform for spot sales of lithium concentrate.

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4️⃣ 7. ALLKEM LIMITED

Headquarters: Brisbane, Queensland, Australia (Operations in Argentina and Canada)
Key Offering: Lithium Carbonate, Boron, Potash

Formed from the merger of Galaxy Resources and Orocobre, ALLKEM is a top-tier global lithium chemicals company with a diverse portfolio of brine and hard-rock assets. Its flagship Olaroz Lithium Facility in Argentina is a major producer of lithium carbonate.

Strategic Initiatives:

• Ramping up production at the Olaroz brine operation and developing the Sal de Vida project in Argentina.

• Expansion of the Mt Cattlin spodumene mine in Australia.

• Strategic focus on becoming a leading integrated lithium producer.

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3️⃣ 8. Vale S.A.

Headquarters: Rio de Janeiro, Brazil
Key Offering: Nickel, Copper, Iron Ore

Vale is one of the world’s largest nickel producers, a critical metal for high-performance lithium-ion battery cathodes. The company’s base metals division is strategically positioning itself to be a key supplier to the EV battery supply chain, with operations in Canada, Indonesia, and Brazil.

Strategic Initiatives:

• Spinning off its base metals business to unlock value and accelerate growth in copper and nickel production.

• Investment in low-carbon nickel production technologies to meet the sustainability demands of EV manufacturers.

• Long-term supply contracts focused on the North American and European EV markets.

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2️⃣ 9. BHP Group

Headquarters: Melbourne, Victoria, Australia
Key Offering: Nickel, Copper, Iron Ore, Potash

BHP, a global mining behemoth, is strategically expanding its presence in “future-facing” commodities, notably nickel. Its Nickel West operation in Australia is a fully integrated mine-to-metal business, producing nickel sulfate, a key ingredient for battery precursors.

Strategic Initiatives:

• Transforming Nickel West into a major supplier of nickel sulfate for the global battery market.

• Exploration and development of new nickel sulphide resources to secure long-term supply.

• Focus on ESG (Environmental, Social, and Governance) standards to ensure responsible production.

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1️⃣ 10. Zijin Mining Group Co., Ltd.

Headquarters: Xiamen, Fujian, China
Key Offering: Copper, Gold, Zinc, Lithium

Zijin Mining is a diversified mining group that has aggressively entered the lithium sector through strategic acquisitions. The company is rapidly building a significant lithium portfolio to complement its existing strength in copper, which is also crucial for electrification.

Strategic Initiatives:

• Acquisition of the Tres Quebradas (3Q) lithium brine project in Argentina and the Tibet-based Lakkor Tso Salt Lake.

• Rapid development of lithium mines with a target to become a major global lithium producer by 2025.

• Leveraging its mining expertise and capital to fast-track lithium project development.

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🌍 Outlook: The Future of Battery Minerals Is Strategic and Sustainable

The minerals for lithium batteries market is at the heart of the global energy transition. While demand is set to skyrocket, the industry faces significant challenges related to supply chain security, geopolitical risks, and environmental sustainability. The companies profiled are not only scaling production but are also investing heavily in innovative extraction methods and circular economy principles to create a more resilient and responsible supply chain.

📈 Key Trends Shaping the Market:

• Accelerated exploration and development of lithium and nickel projects outside of traditional hubs (e.g., North America, Europe).

• Strong regulatory push for domestic battery supply chains, exemplified by the U.S. Inflation Reduction Act and European Green Deal.

• Rapid technological advancement in battery chemistry, driving demand for high-purity lithium hydroxide and high-nickel cathode materials.

• Growing investment in battery recycling technologies to create a secondary source of critical minerals.

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Minerals for Lithium Batteries Market – View in Detailed Research Report

The companies listed above are not only extracting essential resources—they are building the foundation for the electrified, low-carbon economy of tomorrow.