In 2023, the import of Lithium Oxide and Hydroxide to the US was approximately valued at 1.336 million kilograms. From 2024 onwards, the imports are forecasted to increase gradually. By 2025, a growth of 0.66% compared to 2024 is expected, followed by a 0.63% increase in 2026. The year 2027 shows a projected rise of 0.62%, with 2028 seeing an increase of 0.61% in imports. The compound annual growth rate (CAGR), from 2024 to 2028, is expected to be approximately 0.63%.

Future trends to watch for include:

The expanding demand for electric vehicles which could boost the need for lithium compounds.
Technological advancements in battery storage solutions impacting import volumes.
Regulatory policies on mining and importing lithium possibly affecting supply chains.