The battery grade lithium carbonate is used in various applications such as automotive, electronics, and others. It is the most widely consumed and has a market share of more than three-fourths.
This rising demand can be attributed to its multifunctional uses in these industries for manufacturing batteries.On the other hand, high-purity grade lithium carbonate is less preferred due to its relatively higher cost of production in comparison to the battery grade.
Despite this disadvantage, it is still used in specialized applications such as metal refining processes like glass, aluminum, and cement production. Nevertheless, this segment makes up only around one-fifth of the total global Li2CO3 market.
Overall, both grades provide unique advantages for their respective end-use industries, making lithium carbonate an essential component for a plethora of production processes. With its wide range of applications and growing demand, the global Li2CO3 market is expected to experience steady growth in the coming years.
