In this article we are going to list the 5 biggest lithium companies in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 biggest lithium companies in the world.
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5. SQM (NYSE: SQM)
Market Cap: $6.44 Billion
Revenue in 2019: $1.86 Billion
Employees: 5,741
Founded in 1968, Sociedad Quimica y Minera de Chile, or SQM, is a Chilean chemical company which supplies iodine, lithium, and other industrial chemicals. The company is based in Santiago, Chile and is the world’s biggest lithium producer. The company produces lithium carbonate and lithium hydroxide from brine in the Salar de Atacama salt flat in the Atacama desert in North Chile. The company has reported a capacity of 70,000 tons of lithium carbonate in 2020.The lithium concentrations extracted are produced into lithium carbonate and lithium hydroxide in the Salar del Carmen plant.
4. Mineral Resources Ltd.
Market Cap: $6.98 Billion
Revenue in 2019: $1.16 Billion
Employees: 3,100
Australian company Mineral Resources Limited is a mineral processing and contracting firm headquartered in Applecross, West Australia. The company operations include open pit mining of both iron ore and lithium, as well as lithium hydroxide processing. Their lithium project is a joint operation with Neometals Ltd and Jiangxi Ganfeng Lithium Co. Ltd known as Mt. Marion Lithium project located 40 km west of Kalgoorlie in Australia. It is an open pit mine with a life of 20 years with an estimated capacity of 450,000 tons per annum.
3. Tianqi Lithium
Market Cap: $11.73 Billion
Revenue in 2019: $748 Million
Employees: 1,851
Based in Sichuan, China, Tianqi Lithium is a new energy materials company focusing on the development, manufacturing, and selling of lithium products. The company produces lithium carbonate, lithium chloride, and other lithium products. It is a lithium giant, controlling nearly half of the world’s production of lithium. The company owned a 51% stake in Winfield Holdings, the developer of the Greenbushes lithium project in Western Australia. The Greenbushes mine is the biggest operating lithium mine in the world, currently undergoing expansion to increase its production to over 160,000 metric tons per year.
2. Albemarle (NYSE: ALB)
Market Cap: $18.38 Billion
Revenue in 2019: $3.589 Billion
Employees: 6,000
Founded in 1994, American company Albemarle is a chemical manufacturing company based in Charlotte, North Carolina. The company focuses on lithium, bromine, and catalysts, and serves as the world’s largest provider of lithium for electric vehicle batteries. The company has a 49% share in Greenbushes mine in Australia, and owns two others, one in the Salar de Atacama in Chile and the other in Clayton Valley near Silver Peak, Nevada.
1. Jiangxi Ganfeng Lithium Co. Ltd
Market Cap: $24.34 Billion
Revenue in 2019: $767.5 Million
Employees: 4,844
Topping the list of top 15 biggest lithium mining companies in the world is Jiangxi Ganfeng Lithium Co. Ltd. Based in China, Ganfeng Lithium is a company involved in research, development, production, and sales of lithium products. These products are used in chemicals, pharmaceuticals, and electric vehicles. The company produces and sells lithium in its metal form, as well as other compounds such as fluorides, chlorides, and others. The company has mineral resources in Australia, Argentina, Mexico, and China.
See also: Top 9 lithium producing companies in the world and 8 countries that produce the most lithium in the world
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