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World - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2025

World - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights

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Nov 19, 2024

Sayona and Piedmont Forge Lithium Giant in $623 Million Merger

In a major development for the global lithium market, Sayona Mining and Piedmont Lithium have announced a $623 million merger aimed at creating a formidable lithium producer. According to a report by Mining.com, this strategic merger brings together the two stakeholders of the North American Lithium (NAL) project located in Quebec's Abitibi region, fostering a more integrated and robust business model poised for cycles of growth.

The combined entity will see Sayona becoming the parent company, elevating its market capitalization to an estimated $623 million. The transaction is structured as an all-share deal, representing a 6% premium to Piedmont's recent closing share price. Lucas Dow of Sayona is poised to lead the merged company, while Keith Phillips of Piedmont will transition as a strategic adviser for up to six months.

Consolidation in a Dynamic Lithium Market

This consolidation reflects broader trends in the lithium market, particularly visible over the past year in Australia, as companies consolidate to better navigate market challenges. Despite projected robust demand, a rapid expansion in supply has surprised expectations, while electric vehicle (EV) uptake has lagged behind forecasts. Nonetheless, the International Energy Agency (IEA) projects that reaching the Paris climate agreement goals could amplify lithium demand eightfold by 2040.

Global Lithium Trade

In the context of global lithium trade, IndexBox data highlights significant import values for Lithium Oxide, Hydroxide, and Carbonate. As per 2023 figures, China leads with imports valued at $6.4 billion, followed by South Korea at $3.2 billion, and Japan at $2.4 billion. The United States and the Netherlands also feature prominently, with imports valued at $337.3 million and $264.7 million respectively. These figures underscore the critical role lithium plays in international markets, as countries strive to secure essential materials for their renewable energy and transportation sectors.

The Sayona-Piedmont merger is poised to strategically position the new company in supplying to these high-demand markets, fortifying its standing as a key player in the transition to low-carbon energy solutions.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for lithium oxide, hydroxide and carbonate. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND THE AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and its Prospects

      1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      3. MARKET FORECAST TO 2035

    4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

      Finding New Products to Diversify Your Business

      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCTS
      4. MOST TRADED PRODUCTS
      5. MOST PROFITABLE PRODUCTS FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Export

      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. LIST OF TABLES

      1. Key Findings In 2024
      2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
      4. Per Capita Consumption, by Country, 2022–2024
      5. Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      6. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      7. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      8. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      9. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      10. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      11. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
      3. Consumption, by Country, 2024
      4. Market Volume Forecast to 2035
      5. Market Value Forecast to 2035
      6. Market Size and Growth, By Product
      7. Average Per Capita Consumption, By Product
      8. Exports and Growth, By Product
      9. Export Prices and Growth, By Product
      10. Production Volume and Growth
      11. Exports and Growth
      12. Export Prices and Growth
      13. Market Size and Growth
      14. Per Capita Consumption
      15. Imports and Growth
      16. Import Prices
      17. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      18. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      19. Production, by Country, 2024
      20. Production, In Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
      21. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      22. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      23. Imports, In Physical Terms, By Country, 2024
      24. Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      25. Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      26. Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      27. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      28. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      29. Exports, In Physical Terms, By Country, 2024
      30. Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      31. Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
      32. Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)

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