Top 5 Lithium Mining Companies in the World

3. Jiangxi Ganfeng Lithium Co. Ltd

2022 Annual Revenue: $6.7 billion

Jiangxi Ganfeng Lithium is considered to be an absolute giant of the lithium industries and one of the most influential companies in the industry, though its 2023 H1 net profit declined by 19% as compared to the previous year. In 2023, the company spent 15 billion yuan for the purchase of two factories which will result in annual capacity of 100 GWh. However, in July 2023, Ganfeng Lithium announced that the first phase of the new battery plant will cost around $834 million, leading to a drop in its share price.