Rio’s Rincon undertaking in Argentina is because of begin producing later this yr, whereas its Jadar undertaking in Serbia might take no less than two years to safe all the required permits.
Under is an inventory of the highest lithium producers on the planet as per market cap:
1. ALBERMALE
Albemarle is the world’s largest lithium producer, with a market cap of about $12 billion. It runs the one producing lithium mine in North America, and likewise has operations in Chile and Western Australia.
It holds joint ventures in Australia with Mineral Sources on the Wodgina mine and with Tianqi Lithium on the Greenbushes mine.
In 2023, it produced 39,000 tons of lithium steel.
2. SOCIEDAD QUÍMICA Y MINERA DE CHILE
Chile’s SQM is the second-largest lithium producer, with a market cap of $11.43 billion. China’s Tianqi Lithium owns a few fifth of the corporate.
SQM final yr produced round 165,500 tons of lithium hydroxide and lithium carbonate, in keeping with its annual report.
3. GANFENG LITHIUM
China’s Ganfeng Lithium has a market cap of $9.37 billion. It additionally owns a 6.16% stake in Australia’s Pilbara Minerals. It has operations in Western Australia, Argentina, Mexico and China.
4. TIANQI LITHIUM
Tianqi Lithium, which has a market cap of $8.11 billion, has operations in Australia, Chile and China.
5. MINERAL RESOURCES
Australia’s Mineral Sources has a market cap of $7.12 billion and is the world’s greatest miner of hardrock spodumene. It holds stakes in a number of builders resembling World Lithium, Delta Lithium and Wildcat Sources.
Per final yr’s annual report, the corporate shipped 847,000 dry metric tons (dmt) of spodumene focus.
6. PILBARA MINERALS
Pilbara Minerals has a market cap of $6.34 billion and operates the Pilgangoora mine in Western Australia. In August, it made a A$559.9 million bid for smaller peer Latin Sources to achieve entry to its Brazilian operations.
In 2023, it produced 620,147 dmt of whole spodumene focus.
7. ARCADIUM LITHIUM
Arcadium Lithium has a market cap of $3.31 billion and was shaped by the merger of Allkem and Livent on January 4, 2024. It has mining belongings in Argentina and Australia, and downstream conversion belongings within the US, China, Japan and UK.
As of 2023, each the businesses collectively produced round 29,661 tons of lithium carbonate, and Allkem alone produced 239,312 dmt of spodumene focus.
8. LIONTOWN RESOURCES
Liontown Sources has a market cap of $1.45 billion, and operates in Western Australia.
In September, it shipped its first lithium output of 11,855 moist metric tons of spodumene focus.