In 2023, Australia led the global lithium production at 18.7 thousand metric tons, followed closely by Chile with 14.1 thousand metric tons. Argentina was third, producing 5.5 thousand metric tons. China and Zimbabwe followed at 3.0 and 1.0 thousand metric tons, respectively, with Portugal and Brazil contributing minor outputs. The forecast for 2024 suggests continued growth in production capacity, predominantly driven by increased demand for energy storage and electric vehicle components.
Future Trends to Watch:
- Expansion of production capacities in Australia and Chile as they strengthen their positions in the lithium market.
- Potential for technological advancements in lithium extraction and processing, which could increase output efficiency.
- Rising demand for lithium-ion batteries potentially leading to further investment in lithium-producing countries.
Top countries in Top Lithium Producing Countries
| # | 7 Countries | Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 Australia | 18,700 | 2017 | |
| 2 | 2 Chile | 14,100 | 2017 | |
| 3 | 3 Argentina | 5,500 | 2017 | |
| 4 | 4 China | 3,000 | 2017 | |
| 5 | 5 Zimbabwe | 1,000 | 2017 | |
| 6 | 6 Portugal | 400 | 2017 | |
| 7 | 7 Brazil | 200 | 2017 |
