Lithium producers: leading companies?

This data-file captures c35 lithium producers and technology companies, their output (in kTpa), their size and their recent progress.

Our first conclusion is that the current lithium industry is heavily concentrated, as eight companies effectively control 90% of global supply.

While lithium demand is expected to grow 30x on our numbers (model here), there is intense competition to expand existing lithium assets and develop new production, across 10 earlier-stage development companies, many listed in Canada and Australia.

Five of the early-stage companies in our data-file underwent financial restructurings in 2020-22, or outright lawsuits over misleading disclosures. To some, this might be a reminder for the high risks of early-stage companies; while to others, weak progress might entrench strong returns for incumbents.

Copyright: Thunder Said Energy, 2019-2023.