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This is a Lithium-Producing Country, a Raw Material for LFP Batteries

Adi Ahdiat 23/01/2024 12:13 WIB

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Australia was the world's largest lithium producer in 2022. Lithium is a key raw material for LFP batteries.

Top 8 Global Lithium Producing Countries (2022)

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This is a Lithium-Producing Country, a Raw Material for LFP Batteries

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Top 8 Global Lithium Producing Countries (2022)

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According to the International Energy Agency's (IEA) *Global EV Outlook 2023*, the trend of using lithium iron phosphate (LFP) batteries for electric vehicles is strengthening, eroding the popularity of nickel batteries.

Between 2018 and 2022, the global market share of LFP batteries rose from 7% to 27%, while high-nickel batteries fell from 78% to 66%.

One country poised to benefit significantly from the LFP battery trend is Australia.

This is because Australia is a major producer of lithium, a key raw material for these batteries.

According to data from the United States Geological Survey (USGS), Australia produced 61,000 metric tons of lithium in 2022, approximately 47% of global production.

Other countries among the largest lithium producers include Chile, China, Argentina, Brazil, Zimbabwe, Portugal, and Canada.

The United States also produces lithium, but data is not disclosed by relevant companies.

The USGS does not record any lithium production outside these countries.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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This is a Lithium-Producing Country, a Raw Material for LFP Batteries

This is a Lithium-Producing Country, a Raw Material for LFP Batteries

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