5 Largest Lithium Producers In The World

In this article we are going to list the 5 largest lithium producers in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 14 largest lithium producers in the world.

5. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is a Chilean chemical company and one of the largest lithium producers in the world. Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has its main facilities in the Atacama Desert in Tarapaca as well as the Antofagasta regions. Founded in 1968, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) delivered revenues of $2.86 billion in 2021.

4. Mineral Resources Limited

Mineral Resources Limited is another Australian mining company engaged in the mining of several products including a large focus on lithium. Headquartered in Perth, the company was founded in 1992 and is listed on the Australian Stock Exchange.

3. Tianqi Lithium

Tianqi Lithium is a Chinese mining and manufacturing company which is based in Sichuan. The company controls a large percentage of the world’s lithium production and has recently developed a lithium hydroxide plant in the Kwinana Industrial Area, in Australia to meet the growing demand of lithium.

2. Albemarle Corporation (NYSE:ALB)

Albemarle Corporation (NYSE:ALB) is the biggest American lithium producer. The global specialty chemicals company is also engaged in the production of other chemicals and has a leading position in lithium production. Albemarle Corporation (NYSE:ALB) is the largest provider of lithium for electric vehicles. Albemarle Corporation (NYSE:ALB) recorded $3.33 billion in revenue in 2021.

1. Jiangxi Ganfeng Lithium Co. Ltd

Topping the list of the 12 largest lithium producers in the world is Jiangxi Ganfeng Lithium Co. Ltd. The Chinese behemoth is known for its daring acquisitions in Mexico, Ireland and Australia. The company was founded by Li Liangbin, who knew the lithium business inside out, and was the driving force behind the company’s success. While it was a family company initially, once the company started to grow, outsiders were offered ownership in exchange for a skillset that would help the company grow further. As can be seen, the risk definitely paid off.