The Global Electrochemical Grade Lithium Ingot Market was valued at USD 3.52 Billion in 2025 and is projected to reach USD 8.91 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period (2024–2030). This remarkable growth is fueled by the unprecedented global demand for high-energy-density batteries, the rapid electrification of transportation, and massive investments in grid-scale energy storage systems.

As the world accelerates its transition to a clean energy future, the spotlight is on the key material suppliers who are providing the essential building blocks for next-generation battery technologies. In this blog, we profile the Top 10 Companies in the Electrochemical Grade Lithium Ingot Industry—a mix of integrated chemical giants, specialized refiners, and emerging players that are shaping the future of energy storage and electric mobility.

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🔟 1. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: High-Purity Lithium Metal Ingots (99.9%, 99.99%)

Albemarle is a global leader in the lithium industry, with a comprehensive portfolio that includes battery-grade lithium compounds and high-purity metal ingots. The company’s extensive lithium resource base, spanning brine operations in Chile and the USA and hard-rock mining in Australia, provides a significant competitive advantage in securing raw material supply for its downstream ingot production.

Strategic Initiatives:

• Major capacity expansion projects in the USA and Australia to meet soaring demand.

• Investment in advanced purification technologies to produce ultra-high-purity (99.99%+) ingots for solid-state battery research and development.

• Long-term supply agreements with leading electric vehicle and battery manufacturers.

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9️⃣ 2. Livent Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Butyllithium, High-Purity Lithium Metal

Livent is a pure-play lithium producer with a longstanding reputation for quality and technical expertise. The company specializes in producing high-performance lithium compounds and metal, with a focus on serving the most demanding applications in the battery sector. Its vertically integrated operations, from brine extraction in Argentina to downstream processing, ensure stringent quality control.

Strategic Initiatives:

• Focused expansion of lithium hydroxide and metal capacity, with a significant footprint in North America.

• Pioneering more sustainable brine extraction methods to reduce environmental impact.

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8️⃣ 3. Ganfeng Lithium Group Co., Ltd.

Headquarters: Xinyu, Jiangxi, China
Key Offering: Battery-Grade Lithium Metal Ingots, Lithium Compounds

Ganfeng Lithium is one of the world’s largest lithium producers and a key supplier to the Asian battery market. The company has built a fully integrated supply chain, controlling resources in Australia, Argentina, and China. It is a critical supplier of electrochemical grade lithium ingots to major battery cell manufacturers in China, Japan, and South Korea.

Strategic Initiatives:

• Aggressive global expansion through acquisitions and partnerships to secure lithium resources.

• Substantial investment in R&D for next-generation battery materials, including lithium metal anodes.

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7️⃣ 4. Sociedad Química y Minera de Chile (SQM)

Headquarters: Santiago, Chile
Key Offering: Lithium Carbonate, Lithium Hydroxide, Lithium Metal

SQM operates one of the world’s largest and lowest-cost lithium brine operations in the Salar de Atacama, Chile. The company is a major producer of lithium compounds and has been developing its capabilities in higher-value products, including lithium metal, to capture more value from the battery supply chain.

Strategic Initiatives:

• Committing to sustainable lithium production with ambitious goals for carbon neutrality and water stewardship.

• Expanding lithium hydroxide and metal production capacity to cater to the high-nickel cathode battery trend.

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6️⃣ 5. China Energy Lithium Co., Ltd.

Headquarters: Jiangxi, China
Key Offering: 99.9% and 99.99% Purity Lithium Ingots

China Energy Lithium is a significant Chinese manufacturer specializing in the production of high-purity lithium metal and ingots. Leveraging China’s strong position in the battery manufacturing ecosystem, the company supplies domestic and international markets with materials essential for lithium-ion and emerging battery technologies.

Strategic Initiatives:

• Scaling production to keep pace with domestic EV and ESS battery demand.

• Focusing on cost-competitive production for the mainstream battery market.

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5️⃣ 6. Linyi Gelon LIB Co., Ltd.

Headquarters: Linyi, Shandong, China
Key Offering: Lithium Ingots, Lithium Foils for Anodes

Linyi Gelon specializes in producing lithium products for the battery industry, including lithium ingots and processed forms like lithium foil used in battery anodes. The company serves the vibrant Chinese battery market and is expanding its reach as a specialized supplier of anode-ready lithium materials.

Strategic Initiatives:

• Investing in rolling and slitting technologies to produce thin lithium foils for advanced batteries.

• Building partnerships with anode and battery manufacturers to integrate into the supply chain.

Download FREE Sample Report: Electrochemical Grade Lithium Ingot Market – View in Detailed Research Report

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4️⃣ 7. Targray

Headquarters: Kirkland, Quebec, Canada
Key Offering: Lithium Metal Ingots, Battery Materials Distribution

Targray is a leading international distributor of advanced materials for the battery and energy storage industries. While not a primary producer, it plays a crucial role in the global supply chain by sourcing high-purity lithium ingots from various producers and supplying them to battery manufacturers and research institutions worldwide, ensuring logistics and quality compliance.

Strategic Initiatives:

• Establishing a robust global supply network for critical battery materials.

• Providing value-added services, including technical support and supply chain financing.

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3️⃣ 8. Axiom Chemicals Pvt Ltd

Headquarters: Gujarat, India
Key Offering: Lithium Ingots, Lithium Salts

Axiom Chemicals is a prominent Indian manufacturer of lithium-based products, catering to both domestic and international markets. As India pushes for its own EV and battery manufacturing ecosystem under the PLI scheme, companies like Axiom are poised to become key regional suppliers of electrochemical grade lithium ingots.

Strategic Initiatives:

• Positioning to serve the nascent but rapidly growing Indian battery market.

• Focusing on producing cost-effective materials for energy storage applications.

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2️⃣ 9. TOB New Energy

Headquarters: China
Key Offering: Lithium Metal, Battery Materials

TOB New Energy is an emerging player focused on supplying materials for the new energy industry. The company produces lithium ingots and other battery-related materials, aiming to capture market share in the fast-evolving Asian battery sector by providing competitive and reliable products.

Strategic Initiatives:

• Ramping up production capabilities to serve the booming demand from EV and ESS manufacturers.

• Establishing a reputation for quality and reliability among battery cell makers.

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1️⃣ 10. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: Ultra-High Purity (99.99%+) Lithium Ingots, Research Chemicals

American Elements is a global manufacturer and distributor of engineered and advanced materials. The company produces some of the highest purity lithium ingots available on the market, which are critical for advanced research and development in solid-state batteries, aerospace applications, and other high-performance sectors where impurity levels are paramount.

Strategic Initiatives:

• Serving the high-value, low-volume segment of the market for R&D and specialty applications.

• Providing custom alloying and fabrication services for specific customer requirements.

Get Full Report Here: Electrochemical Grade Lithium Ingot Market – View in Detailed Research Report

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🌍 Outlook: The Future of Electrochemical Grade Lithium Ingot Is High-Purity and High-Demand

The electrochemical grade lithium ingot market is at the epicenter of the global energy transition. While current demand is robust, the industry is investing heavily in advanced purification technologies, capacity expansion, and sustainable sourcing to power the next wave of battery innovation.

📈 Key Trends Shaping the Market:

• Accelerated adoption of solid-state batteries, which rely on lithium metal anodes.

• Regulatory push for electric vehicle adoption and renewable energy storage worldwide.

• Geographic diversification of supply chains to reduce reliance on dominant producing regions.

• Battery manufacturer-ingot producer alliances for secure and qualified material supply.

Get Full Report Here: Electrochemical Grade Lithium Ingot Market – View in Detailed Research Report

The companies listed above are not only supplying a critical material—they are enabling the electrification of our world.