The production of lithium minerals and brine in China is forecasted to show a consistent upward trend from 2024 to 2028. In 2023, the actual production stood at 64.5 thousand metric tons. The year-on-year variations for projected values are as follows: an increase of 6.5% in 2025, 4.4% in 2026, 4.2% in 2027, and 3.9% in 2028. Over the last two years, the average growth rate has been 5.5% per annum. The Compound Annual Growth Rate (CAGR) over the five-year forecasted period is approximately 4.7%.
- 2024: 67.78 thousand metric tons (forecasted)
- 2025: 71.0 thousand metric tons (forecasted)
- 2026: 74.16 thousand metric tons (forecasted)
- 2027: 77.26 thousand metric tons (forecasted)
- 2028: 80.29 thousand metric tons (forecasted)
Future trends to watch for include the demand in the electric vehicle (EV) sector, advancements in lithium extraction technologies, regulatory developments, and supply chain dynamics. These factors will significantly influence production capabilities and market adjustments in China over the next few years.
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