Lithium Mining Market is Likely to Thrive at an Impressive CAGR of 26.3% over 2021 – 2025

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EV Sales Catalyse Lithium Mining Market Growth,
Global Revenue All Set to Surpass US 1Bn by
2025 Between 2021 and 2025, global lithium
mining market is expected to take a leapfrog,
suggests the latest research intelligence of
Fairfield Market Research. The market is likely
to be benefiting significantly from the booming
electric vehicle (EV) sales as EVs are powered by
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 or spodumene. Check Complete Report Details
of market _at_ https//www.fairfieldmarketresearch.c
om/report/lithium-mining-market Expanding Lithium
Application Base Favours Market Growth The
application base of lithium continues to expand
to cover a spectrum of application areas like
ceramic and glass products, aluminium products,
polymers, lubricating greases, as well as
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
American region. Lithium Mining Activities Pick
Pace as Demand for EVs Heighten 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 the
COVID-19 setback, lithium miners are likely to
benefit from the situation. Mining
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• 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 even
  governments.
• Detailed Table of Content
• Executive Summary
• Global Lithium Mining Market Snapshot
• Future Projections
• Key Market Trends
• Analyst Recommendations
• Market Overview
• Market Definitions and Segmentations
• Market Dynamics
• Drivers
• Restraints
• Market Opportunities
• Economic Trends
• Value Chain Analysis
• Porters Five Forces Analysis
• Covid-19 Impact

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S.A., Albemarle Corporation, Mineral Resources,
Lithium Americas Corp., Tianqi Lithium, Orocobre
Limited Pty Ltd., and Livent. Lithium Mining
Market Press Release https//www.fairfieldmarketr
esearch.com/press- release/global-lithium-mining-
market About Us Fairfield Market Research is a
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