The Global Lithium Hydroxide for Battery Market was valued at USD 6.39 Billion in 2024 and is projected to reach USD 72.92 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 39.2% during the forecast period (2024–2032). This explosive growth is being driven by the global electric vehicle (EV) revolution, surging demand for energy storage systems, and the accelerating adoption of high-nickel cathode chemistries like NMC and NCA across the battery industry.

As the world transitions toward electrification and sustainable energy, the spotlight is on the key material suppliers who are driving innovation, securing supply chains, and scaling production to meet unprecedented demand. In this blog, we profile the Top 10 Companies in the Lithium Hydroxide for Battery Industry—a mix of established chemical giants, specialized lithium producers, and strategic new entrants shaping the future of energy storage.

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🔟 1. Ganfeng Lithium Group Co., Ltd.

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

Ganfeng Lithium is the world’s largest lithium metals producer and a dominant force in the lithium hydroxide market. With vertically integrated operations spanning from lithium resource extraction to advanced battery material production, the company supplies major battery manufacturers and automotive OEMs globally. Its strategic acquisitions, including stakes in lithium projects in Argentina and Mexico, ensure a robust raw material pipeline.

Strategic Initiatives:

• Massive capacity expansion targeting over 600,000 LCE (lithium carbonate equivalent) by 2025

• Long-term supply agreements with Tesla, Volkswagen, and LG Energy Solution

• Pioneering direct lithium extraction (DLE) technologies for sustainable production

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9️⃣ 2. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Battery-Grade Lithium Hydroxide, Lithium Carbonate, Bromine Specialties

Albemarle is a leading global specialty chemicals company with one of the most diverse lithium resource portfolios, including brine operations in Chile and the USA and hard rock assets in Australia. The company is a key supplier to the electric vehicle industry, with significant investments in converting its production toward high-value lithium hydroxide to meet the demands of high-nickel cathode batteries.

Strategic Initiatives:

• Commissioning of the Kemerton lithium hydroxide conversion facility in Western Australia

• Strategic focus on the U.S. market, leveraging incentives from the Inflation Reduction Act

• Commitment to achieving 100% carbon-neutral lithium production by 2030

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8️⃣ 3. SQM (Sociedad Química y Minera de Chile)

Headquarters: Santiago, Chile
Key Offering: Lithium Hydroxide, Lithium Carbonate, Iodine, Potassium Nitrate

SQM operates one of the world’s largest and lowest-cost lithium brine operations in the Salar de Atacama, Chile. The company has aggressively expanded its lithium hydroxide production capacity to become a major player in the battery supply chain, supplying cathode manufacturers across Asia, Europe, and North America.

Strategic Initiatives:

• Successful expansion to 180,000 metric tons of lithium carbonate capacity with plans for 210,000 tons

• Increasing hydroxide conversion capacity to serve the specific needs of NMC cathode producers

• Focus on sustainable water management and community engagement in Chile

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7️⃣ 4. Arcadium Lithium

Headquarters: Philadelphia, Pennsylvania, USA (Formed by Livent and Allkem merger)
Key Offering: Lithium Hydroxide, Lithium Carbonate, Butyllithium

Arcadium Lithium is a newly formed powerhouse resulting from the merger of Livent and Allkem, creating one of the largest integrated lithium producers globally. The combined entity boasts a diverse asset base including brine operations in Argentina and hard rock mining in Canada, with advanced hydroxide production facilities.

Strategic Initiatives:

• Integration of proven brine and hard rock technologies for optimized production

• Expansion of hydroxide production capabilities in the USA and China

• Strategic customer relationships with major EV and battery cell manufacturers

Download FREE Sample Report:
Lithium Hydroxide for Battery Market – View in Detailed Research Report

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6️⃣ 5. Tianqi Lithium Corporation

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

Tianqi Lithium is a major Chinese lithium producer with a significant stake in the Greenbushes mine in Australia, one of the world’s highest-grade lithium assets. The company has invested heavily in downstream conversion, establishing large-scale lithium hydroxide plants to serve the burgeoning Asian battery market.

Strategic Initiatives:

• Control of the world-class Greenbushes spodumene mine securing long-term feedstock

• Commissioning of the Kwinana lithium hydroxide refinery in Australia

• Focus on technological innovation to improve conversion efficiency and product purity

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5️⃣ 6. Livent Corporation (Now part of Arcadium Lithium)

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: High-Purity Lithium Hydroxide, Lithium Carbonate, Specialty Lithium Materials

As a foundational company in the lithium industry with a history dating back to the 1940s, Livent brought deep technical expertise to the Arcadium Lithium merger. The company was renowned for its high-quality, battery-grade lithium hydroxide, produced through a proprietary process that ensured exceptional consistency and purity for demanding cathode applications.

Strategic Initiatives:

• Pioneering high-purity lithium hydroxide production for premium EV batteries

• Expansion of brine-based operations in Argentina’s Salar del Hombre Muerto

• Long-standing partnerships with leading battery and automotive OEMs

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4️⃣ 7. Sichuan Yahua Industrial Group Co., Ltd.

Headquarters: Ya’an, Sichuan, China
Key Offering: Lithium Hydroxide, Lithium Carbonate, Industrial Explosives

Yahua Group has rapidly emerged as a significant lithium hydroxide producer, leveraging its chemical industry expertise to build a substantial presence in the battery materials sector. The company has secured offtake agreements from key lithium mines and built modern conversion facilities to serve the Chinese and international markets.

Strategic Initiatives:

• Strategic partnership with Tesla for lithium hydroxide supply

• Investment in lithium resource projects to ensure feedstock security

• Rapid scaling of production capacity to capture market share

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3️⃣ 8. Sinomine Resource Group Co., Ltd.

Headquarters: Beijing, China
Key Offering: Lithium Hydroxide, Cesium, Rubidium, Pollucite

Sinomine is a diversified mining company with a growing focus on lithium and other critical battery materials. The company’s acquisition of the Bikita mine in Zimbabwe, one of the largest lithium mines in Africa, positions it as a key player with control over a significant spodumene resource to feed its hydroxide conversion plans.

Strategic Initiatives:

• Vertical integration strategy with the acquisition of the Bikita lithium mine

• Development of lithium hydroxide production facilities in China and overseas

• Expansion into the full battery materials value chain

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2️⃣ 9. Lepidico Ltd.

Headquarters: West Perth, Western Australia
Key Offering: Lithium Hydroxide (from non-traditional sources), Lithium Carbonate

Lepidico is an innovative developer focused on producing lithium chemicals from lithium-bearing micas (lepidolite and zinnwaldite) through its proprietary LOH-Max and L-Max processes. This technology allows for the economic production of battery-grade lithium hydroxide from mineral sources that are often considered waste by-products, offering a new supply pathway.

Strategic Initiatives:

• Commercialization of patented LOH-Max process for lithium hydroxide production

• Development of the Phase 1 Plant in Abu Dhabi using non-conventional feedstock

• Focus on a sustainable, low-energy production route with a smaller environmental footprint

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1️⃣ 10. A critical Western Project (e.g., Thacker Pass / Lithium Americas)

Headquarters: Vancouver, Canada (Lithium Americas)
Key Offering: Future production of Battery-Grade Lithium Hydroxide

Representing the next wave of lithium supply, projects like Lithium Americas’ Thacker Pass in Nevada are poised to become major hydroxide producers. As the largest-known lithium resource in the United States, Thacker Pass is of strategic importance for building a domestic battery supply chain and is advancing toward production with significant backing.

Strategic Initiatives:

• Development of the Thacker Pass mine, the largest lithium resource in the US

• Partnership with General Motors to secure funding and offtake

• On-site planned lithium hydroxide conversion facility to maximize value

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Lithium Hydroxide for Battery Market – View in Detailed Research Report

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🔋 Outlook: The Future of Battery Materials Is High-Performance and Geographically Diversified

The lithium hydroxide market is undergoing a fundamental transformation. While traditional lithium carbonate remains important, the industry is investing tens of billions in high-nickel cathode supply chains, advanced conversion technologies, and geographically diversified production to reduce supply chain risks.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion for lithium hydroxide, particularly in China, Australia, and North America

• Regulatory push for localized battery supply chains in the US and Europe

• Innovation in direct lithium extraction and sustainable production methods

• Automaker-battery material producer alliances for secured supply and technology co-development

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

The companies listed above are not only supplying a critical battery material—they’re enabling the global transition to electric transportation and renewable energy storage.