Wood Mackenzie has released a new video offering valuable insights into the strategic outlook for lithium, using data from its Lens Metals & Mining platform.
Presented by Wood Mackenzie’s research director for lithium Allan Pedersen, the video explores key trends shaping the global lithium market, including mine production forecasts, demand projections, and long-term market balance expectations.
Australia remains a dominant force, with 44 per cent of global lithium mine production projected in 2025 and spodumene concentrate is expected to maintain its lead, reaching a 78 per cent market share by 2030.
The video also highlights China’s shifting role in lithium refining, with its global share forecast to decline from 61 per cent in 2025 to 52 per cent by 2030, as other markets develop refining capacity.
On the demand side, battery-grade lithium chemicals, particularly for the automotive sector, are expected to drive growth over the coming years.
The strategic outlook also touches on potential price trends and market balance scenarios that could shape investment and planning decisions for lithium producers and stakeholders.
To access the full video and gain deeper insights, visit Wood Mackenzie’s website.
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DYLAN BROWN8 hours ago
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