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 substantial growth stems from surging demand for lithium-ion battery materials, rapid EV adoption, and the global transition to renewable energy storage solutions.

As countries worldwide implement ambitious electrification strategies, lithium producers are expanding capacity to meet unprecedented demand. This analysis examines the Top 10 Companies in the Chemical Grade Lithium Concentrate Market—industry leaders shaping the future of battery material supply chains.

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🔟 1. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Spodumene (6% Li₂O), Battery-Grade Lithium Compounds

Albemarle leads the global lithium market with integrated operations across lithium-rich regions. The company supplies major battery manufacturers and cathode producers worldwide.

Production Highlights:

• 200,000 metric tons LCE annual production capacity
• Expanding to 500,000 metric tons by 2030
• Strategic assets in Chile, Australia, and North America

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

Headquarters: Santiago, Chile
Key Offering: High-Purity Lithium Concentrates, Specialty Lithium Products

SQM operates the renowned Salar de Atacama brine operations, producing premium lithium concentrates for battery and industrial applications.

Production Highlights:

• 175,000 metric tons LCE capacity
• Expanding to 210,000 metric tons by 2025
• 70%+ lithium recovery efficiency

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8️⃣ 3. Tianqi Lithium Corporation

Headquarters: Chengdu, China
Key Offering: Spodumene Concentrate (5.5-6.2% Li₂O), Lithium Hydroxide

Tianqi Lithium controls strategic assets including the Greenbushes mine (world’s largest hard-rock lithium operation) and holds stakes in SQM.

Production Highlights:

• 48,000 metric tons lithium hydroxide capacity
• Controlling interest in Greenbushes (1.34Mt LCE reserves)
• Vertical integration from mining to battery materials

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7️⃣ 4. Ganfeng Lithium

Headquarters: Xinyu, China
Key Offering: Chemical Grade Concentrates, Ultra-Pure Lithium Compounds

Ganfeng has rapidly become the largest lithium metals producer with operations spanning Australia, Argentina, and China.

Production Highlights:

• 85,000 metric tons LCE capacity
• Partnerships with BMW, Tesla, and LG Chem
• Developing next-generation battery technologies

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

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6️⃣ 5. Pilbara Minerals

Headquarters: West Perth, Australia
Key Offering: Spodumene Concentrate (5.5-6.0% Li₂O)

Pilbara operates the Pilgangoora project, one of the world’s largest independent lithium spodumene operations.

Production Highlights:

• 680,000 metric tons annual capacity
• Low production costs ($400-$450/ton)
• Strategic partnerships with Chinese converters

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5️⃣ 6. Allkem Limited

Headquarters: Brisbane, Australia
Key Offering: Spodumene Concentrate, Lithium Carbonate

Formed through the merger of Galaxy Resources and Orocobre, Allkem controls premium assets in Argentina and Australia.

Production Highlights:

• Operating Olaroz lithium facility
• Developing Sal de Vida (45,000 tons capacity)
• Innovative extraction technologies

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4️⃣ 7. Mineral Resources Limited

Headquarters: Perth, Australia
Key Offering: Spodumene Concentrate, Lithium Hydroxide

MinRes operates the Mt Marion mine (joint venture with Ganfeng) and the Wodgina project with Albemarle.

Production Highlights:

• 750,000 metric tons annual capacity
• Integrated processing infrastructure
• Efficient mine-to-market logistics

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3️⃣ 8. Livent Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Lithium Carbonate, Lithium Hydroxide

Livent specializes in lithium production with brine operations in Argentina serving automotive and specialty markets.

Production Highlights:

• Vertically integrated facilities
• Expanding to 100,000 metric tons LCE
• Long-term OEM contracts

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2️⃣ 9. Sigma Lithium

Headquarters: Vancouver, Canada
Key Offering: Battery-Grade Lithium Concentrate (6% Li₂O)

Sigma is developing Brazil’s largest lithium deposit with a focus on sustainable, renewable energy-powered production.

Production Highlights:

• 270,000 metric tons annual capacity
• 100% renewable energy operations
• Strategic location for Western markets

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

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1️⃣ 10. Core Lithium

Headquarters: Darwin, Australia
Key Offering: Spodumene Concentrate

Core Lithium operates the Finniss Project in Australia with low-carbon production and strategic port access.

Production Highlights:

• Low-cost production advantage
• Efficient logistics infrastructure
• Significant exploration potential

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🔋 Outlook: Accelerating Growth in Lithium Supply Chains

The chemical grade lithium concentrate market is undergoing rapid transformation as global electrification accelerates across multiple sectors.

⚡ Key Market Trends:

• Spodumene prices stabilizing at $3,000-$4,000/ton range
• Growing investment in sustainable extraction methods
• Strategic partnerships across lithium value chains
• Government incentives boosting local production

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

These industry leaders aren’t just producing lithium—they’re powering the global transition to sustainable energy and electrified transportation.