GITNUX MARKETDATA REPORT 2024

Lithium Mining Industry Statistics

The lithium mining industry is expected to experience significant growth in the coming years due to the increasing demand for lithium-ion batteries in various industries such as electric vehicles and renewable energy.

Statistic 1

"Lithium mining and extraction activities are responsible for high water usage—approximately 500,000 gallons per metric ton of lithium."

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Statistic 2

"Recycling of lithium-ion batteries is growing, with up to 95% efficiency in recovering lithium."

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Statistic 3

"The global lithium market is expected to grow at a CAGR of 7.4% from 2021 to 2028."

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Statistic 4

"Argentina produces nearly 22% of the world's lithium."

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Statistic 5

"The US produced 900 metric tons of lithium in 2020."

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Statistic 6

"There are over 100 projects focused on increasing lithium production worldwide as of 2021."

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Statistic 7

"China's production of lithium is around 14,000 metric tons annually, making it one of the top lithium producers."

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Statistic 8

"The lithium mining industry generated revenues of $1.5 billion in Australia in 2020."

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Statistic 9

"Chile holds the largest lithium reserves in the world, with an estimated 9.2 million metric tons."

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Statistic 10

"China's Tianqi Lithium holds a 51% stake in the world's largest lithium mine, the Greenbushes mine in Australia."

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Statistic 11

"Global lithium production reached approximately 82,000 metric tons in 2020."

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Statistic 12

"A single EV battery pack contains around 8-12 kg of lithium."

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Statistic 13

"Lithium carbonate makes up approximately 40% of lithium compounds used in rechargeable batteries."

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Statistic 14

"The demand for lithium is expected to grow at a Compound Annual Growth Rate (CAGR) of 14% from 2021 to 2025."

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Statistic 15

"Lithium-ion batteries account for around 60% of the global demand for lithium."

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Statistic 16

"Electric vehicles (EVs) contribute approximately 50% of the lithium demand."

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Statistic 17

"Over 80% of lithium production involves the extraction from brine reservoirs and hard rock mining."

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Statistic 18

"The global lithium market was valued at $2.98 billion in 2020 and is projected to reach $6.62 billion by 2026."

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Statistic 19

"The expected life cycle of lithium-ion batteries ranges between 5-10 years or 1,000 to 3,000 charge cycles."

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Statistic 20

"Australia is the largest lithium producing country, accounting for 48% of global production in 2020."

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