Last week we posted an article from 2016 on Lithium mining, let’s see what developments there have been……
For the full article, follow the link provided.
Source – https://www.nsenergybusiness.com/features/largest-lithium-mining-companies/
Profiling the top five largest lithium mining companies in the world
By James Murray 18 Feb 2021
“Global lithium production in 2019 stood at 77,000 tonnes – but as interest in the metal continues to grow, analysts expect worldwide demand will more than double by 2024
Some of the largest lithium mining companies have grown in stature in recent years, as interest in the silvery-white metal grows in tandem with demand for the electric vehicles and consumer electronics whose rechargeable batteries it powers.
But as well as its use in lithium-ion batteries, the highly-reactive and flammable alkali mineral – sometimes referred to as “white gold” – is also used in ceramics and glass, lubricating greases, polymer production, and air treatment.
According to the latest figures from the US Geological Survey (USGS), global lithium production in 2019 stood at 77,000 tonnes.
With battery manufacturing expected to accelerate over the coming years, particularly as electric vehicles become more prevalent in key markets seeking to decarbonise, interest in the metal will continue to grow, and analysts expect worldwide demand will more than double by 2024.
Here, NS Energy profiles the top five largest lithium mining companies in the world.
Top five largest lithium mining companies in the world
1. Jiangxi Ganfeng Lithium
Jiangxi Ganfeng Lithium, which was founded in 2000, is the world’s largest lithium mining company with a market capitalisation of $27.38bn. It brought in $767.5m in revenue in 2019.
2. Albemarle
Albemarle is a fine chemical manufacturing company based in North Carolina, US, and it operates three divisions – lithium, bromine specialties and catalysts.
Founded in 1994, the firm has grown to establish itself as the second-largest lithium miner in the world with a market capitalisation of $16.73bn as well as bringing in $3.59bn in revenue in 2019.
3. Tianqi Lithium
Tianqi Lithium, which was founded in 1995, is the third-largest lithium miner with a market capitalisation of $11.79bn. Based in Chengdu, China, the firm also raked in $748m in revenue in 2019.
The company claims to hold “world-leading positions” in its major businesses of lithium resource investment, lithium concentrates extraction and the production of advanced lithium speciality compounds.
4. Sociedad Química y Minera
With a market capitalisation of $6.38bn, Sociedad Química y Minera (SQM) is the fourth-largest lithium miner in the world.
Based in Santiago, Chile, the chemical company, which supplies iodine, lithium, and other industrial chemicals, brought in $1.86m in revenue in 2019.
5. Mineral Resources Limited
Mineral Resources was founded in 1993 and is the fifth-largest lithium mining company in the world with a market capitalisation of $5.66bn. It also raked in $1.16bn in revenue in 2019.
The West Australian-headquartered firm’s operations include open-pit mining of iron ore and lithium, as well as lithium hydroxide processing.”
__________________________________
Dust Monitoring Equipment – providing equipment, services and training in dust fallout management to the mining industry.
Comments are closed.