Lithium Mining Market is Anticipated to Reach US$1 Bn by 2025

1. EV Sales Catalyse Lithium Mining Market Growth, Global Revenue All Set to Surpass US$ 1Bn by2025 Between 2021 and 2025, global lithium mining marketis expected to take a leapfrog, suggests the latest research intelligence of Fairfield Market Research. The market is likely to bebenefitingsignificantlyfromtheboomingelectricvehicle(EV)salesasEVsarepoweredby Li-ion batteries. The report forecasts a massive 26.3% CAGR for lithium mining market during the period of forecast and will exceed the valuation of US$ 1 Bn toward the end of 2025. The analysis presented in the report indicates that the brines will continue to be the most preferred lithium source owing to their cost efficiency over hard rock orspodumene. Check Complete Report Details of market @ https://www.fairfieldmarketresearch.com/report/lithium-mining-market Expanding Lithium Application Base Favours MarketGrowth The application base of lithium continues to expand to cover a spectrum of application areas likeceramicandglassproducts,aluminiumproducts,polymers,lubricatinggreases,aswellas miners, submarines, space vehicles, and safety devices. While the metal remains a preferred material for dehumidification and cooling applications with its superior thermal resistance and exceptional performance, Fairfield expects unwavering demand generation for lithium miners. Increasing installation of absorption chillers at hospitals, shopping malls, educational institutes, and spas & wellness centres will further accelerate lithium consumption, says the report. Ascending demand for air conditioning equipment, lubricants, and batteries has been especially driving market growth in the North Americanregion. Lithium Mining Activities Pick Pace as Demand for EVsHeighten There has been a notable surge in lithium mining activities over the recent past as Li-ion batteries represent one of the fastest-growing markets worldwide. Lithium prices also saw a fall for the entire decade, till 2020, as a result of the tipping oversupply against a slight fall in EV sales that year. Increased affordability of both batteries and electric vehicles is thus projected to push EV sales up, thereby fostering the activities in lithium mining market. Electric vehicles are all set to capture the mainstream auto market, which is synonymous to an incessant lithium supply in future. With EVs, and hybrid EVs regaining momentum after theCOVID-19setback,lithiumminersarelikelytobenefitfromthesituation.Mining

2. companies are expected to focus their effort on improving their control along value chains and enhance margins as they increasingly witness greater demand coming from chemicals companies, battery companies, automakers, and evengovernments. • Detailed Table of Content • ExecutiveSummary • Global Lithium Mining MarketSnapshot • FutureProjections • Key Market Trends • AnalystRecommendations • MarketOverview • Market Definitions and Segmentations • Market Dynamics • Drivers • Restraints • MarketOpportunities • Economic Trends • Value ChainAnalysis • Porter’s Five ForcesAnalysis • Covid-19Impact • Supply Chain • End-user Customer Impact Analysis • Price Trends Analysis and Future Projects, 2017 -2025 • Key Highlights • Global Average Pricing ($ per Tons) Analysis, 2017 -2025 • Pricing Analysis ($ per Ton), by Region, 2017 - 2025 • Complete TOC..!!! • Australia Continues to Spearhead, Lithium Triangle RemainsSuppressed • Australia remains the world’s largest reserve of concentrated lithium deposits that accounts for over half the global production. China follows. However, on the other side, Chile- Argentina-Bolivia, i.e., the Lithium Triangle continues to be an insignificant contributor to global lithium production despite the voluminous reserves that it houses. The water shortage crisis in the entire clustre is expected to aggravate further, which introduces complications during the lithium extraction process and thereby masks the full production potential of the LithiumTriangle. • Key MarketPlayers • The report sheds light on the strategic and financial profiles of some of the top companies drivingcompetitioningloballithiumminingmarket,includingGanfengLithiumCo.,Ltd.,SQM

3. S.A., Albemarle Corporation, Mineral Resources, Lithium Americas Corp., Tianqi Lithium, Orocobre Limited Pty Ltd., andLivent. Lithium Mining Market Press Release: https://www.fairfieldmarketresearch.com/press- release/global-lithium-mining-market About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolutepromptness. Contact Fairfield MarketResearch London, UK UK +44 (0)2030025888 USA +1 (844) 3829746(Toll-free) Web: https://www.fairfieldmarketresearch.com/ Email: sales@fairfieldmarketresearch.com Follow Us:LinkedIn