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The lithium market is rapidly developing because of the global focus on decarbonisation technologies, in particular the electrification of transport and the development of energy storage solutions, but also the increasing demand for lithium-ion batteries in electronic devices.
Lithium is used in a number of applications, including ceramics and glass, polymers, lubricating greases, air treatment and batteries. The dominant end-use of lithium is in batteries, which accounted for a 71% market share in 2018, the second most important use in terms of market share is in ceramics and glass, which accounted for 14% of the market in 2018 (Figure 1).
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Figure 1: Li demand in 2018 by end-use sector