Global Lithium Mining Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2023


Posted November 10, 2019 by SDMR1234

Lithium mining is the extraction of lithium from various sources such as hard rocks and brines.

 
Lithium mining is the extraction of lithium from various sources such as hard rocks and brines. Producing lithium from brines is a cost-effective and the most efficient process. Byproducts extracted from lithium mining include saleable compounds such as boron or potash. Other alternative sources used to extract lithium are heavy oil wastewater and hydraulic fracturing brine. Further, the increasing use of lithium in lubricants, batteries, and steel and aluminum production, and others, is creating opportunities for the lithium mining market in the coming years.To get free sample report: https://www.supplydemandmarketresearch.com/home/contact/610533?ref=Sample-and-Brochure&toccode=SDMRCH610533
Based on the source, lithium is mainly extracted from brine water sources such as seawater and groundwater, and other surface water sources. Among brine water sources, briny lakes offer the highest concentration of lithium. However, lithium mining is affected by changing weather conditions, which is restraining the demand for lithium mining from brine deposits in recent years. Further, the hard rock lithium deposit is expected to witness the fastest growth during the forecast period. Hard rock lithium deposits are less dependent on changing climate for production and are evenly distributed across the globe. Owing to this, lithium mining from hard rocks is expected to grow in the coming years.To get detaile report:https://www.supplydemandmarketresearch.com/global-lithium-mining-market-610533
Based on the type, lithium hydroxide dominated the market in 2018, owing to the high standard and superior performance offered by the product. This product is widely used in glass, metal castings, and others. Based on applications, the battery segment holds a significant share owing to the high consumption of the metal in the production of electric and hybrid vehicles, energy storage systems, lithium-ion batteries, and others.
Asia pacific dominated the market in 2018 and is expected to show similar trends during the forecast period. The increasing adoption of lightweight metals in batteries, glass, grease, and others is driving the growth of the lithium mining market in the region. China is leading the Asia market as the region has highly concentrated lithium deposits.

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Tags lithium mining market , lithium mining market size , lithium mining market type
Last Updated November 10, 2019