GlobalData has cemented its position as analyst’s choice as the leading provider of actionable intelligence data across all key sectors. Specifically, it’s causing a stir in the burgeoning lithium industry. The company’s Intelligence Center also offers detailed, long-term lithium production, reserve, price, and trade flow forecasts. As the adopted regulation unfolds, this resource will be critical for industry stakeholders.
Global demand for lithium is surging, driven by the rapidly growing electric vehicle market and other clean energy technologies. GlobalData expects lithium production to reach 338.3 thousand tonnes (kt) by 2025. As this production figure illustrates, that’s a big jump. Furthermore, it is predicted to increase with a compound annual growth rate (CAGR) of 8.2% and will be 792.8kt by 2035. In addition, according to GlobalData, there will be a further increase in output as it is expected to rise by 15.0% to reach 389.1kt in 2026.
GlobalData’s lithium mining and production reports are some of the most comprehensive available, providing key information such as production by country and company, reserves by country, world lithium prices. In addition, they have market equilibrium data that is key and provide a comprehensive look at all the big battery manufacturer agreements likely to materialize in 2025. These new insights help empower businesses and analysts alike to avoid pitfalls in our currently unstable lithium market.
The increasing dependence on GlobalData’s solutions is clear to industry experts especially from the decision makers. “I know that I can always rely on GlobalData’s work when I’m searching for the right consumer and market insights,” stated the Head of Consumer Sensory Insights at Givaudan. Day by day, I leverage GlobalData insights to drive and adapt to the dynamic marketplace and consumer landscape to develop what’s more solutions to innovate better taste and wellbeing solutions for our customers across food, beverage and healthcare industries.
GlobalData’s reports are known for their quality, in that they have been unparalleled in the market. Even a Senior Account Manager from TSYS referred to it as a “go-to tool” for intelligence services. The new demand drivers section, found on pages 9-17 of their 2023 reports, pinpoints the major forces driving the global lithium market. This provides them enormous analytical value to their offerings.