Mining Commodities & Minerals · Direct
Monitoring · monthlyProcurement Category Intelligence
Lithium Spodumene
Overview
Market size
$5.7B
global, USD
CAGR
5.4%
base to forecast
Buyer power
-1.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
6 high severity
Market outlook
2031$7.4B
What changed
Demand by region
China demand65%
Europe demand15%
North America demand10%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Mining operations and labor35%
Energy and processing utilities25%
Reagents and flotation chemicals15%
Inland and ocean freight15%
Sustaining capital and royalties10%
share of delivered cost (analyst estimate)