Who makes lithium EVs?

Albemarle Corporation: The Lithium Powerhouse Albemarle Corporation, with a market cap of $11.08 billion in January 2025, leads the lithium industry. Based in Charlotte, North Carolina, it plays a key role in the clean energy transition. The company supplies lithium to major EV manufacturers worldwide.

Where are lithium chemicals produced?

More than 60% of the world’s lithium chemicals are produced in China, according to data from S&P Global Market Intelligence and World Economic Forum. Currently, the US only has a few, relatively small lithium chemical plants, operated by Albemarle and Arcadium Lithium. Tesla claims its facility will be the largest in North America.

Which country produces the most lithium in 2024?

In fact, China was the third largest lithium-producing country in 2024 in terms of mine production, behind Australia and Chile. Chinese companies are mining in other countries as well, including top producer Australia, where a few are part of major lithium joint ventures.

Will Stardust power convert lithium chloride into lithium carbonate?

Stardust Power hopes to soon begin construction on a plant that will convert lithium chloride—pulled from brines by companies using direct lithium extraction—into lithium carbonate for battery use. But the crash in lithium prices over the past year has stalled other US projects.

Does lithium mining drive the energy transition?

Lithium mining drives the energy transition. Discover extraction methods, innovations like direct lithium extraction, and the seven largest companies shaping 2024. Brine pools for lithium mining in Silver Peak, NV. Cavan Images/iStock / Getty Images Plus Lithium mining has become a foundational element of the modern energy transition.

What is lithium used for?

Lithium is a soft, silver-white metal used in pharmaceuticals, ceramics, grease, lubricants and heat-resistant glass. It’s also used in lithium-ion batteries, which power everything from cell phones to laptops to electric vehicles.