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Fairfield Market Research

Lithium Mining Market Set for Staggering Performance Through 2025; EVs Play Out as Key Catalyst

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Largely benefiting from the rocketing electric vehicle (EV) demand that are powered by lithium-ion batteries, the global lithium mining market is set for a leapfrog between 2021 and 2025. The latest market study of Fairfield Market Research clearly projects a whopping 26.3% CAGR for lithium mining market value over the forecast period as it is poised to reach a valuation of US $ 1,630.30 Mn by 2025. Brines remain the most cost-efficient source of the metal over hard rock or spodumene, which remains a strong factor sustaining the market potential of lithium mining.

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