China expected to control nearly one third of world’s lithium supply by 2025 – research
COMMODITIES DATA VIEWS & ANALYSIS
China expected to control nearly one third of world’s lithium supply by 2025 – research
COMMODITIES DATA VIEWS & ANALYSIS

China expected to control nearly one third of world’s lithium supply by 2025 – research

 

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As China ramps up its lithium mining efforts, Chinese-controlled mines are expected to produce 705,000 tonnes of lithium by 2025, up from 194,000 tons in 2022, meaning that the country will control nearly a third of the world’s lithium supply by then, up from 24% in 2022, UBS said in a research note.

China’s rising production includes increased extraction from lithium mica despite its low yield and high energy costs. 

As China continues to support the industry’s development, lithium productions from mica would reach 280,000 tonnes by 2025, accounting for 13% of the global supply, up from 88,000 tons in 2022, according to the report.