In this article, we discuss the 5 most valuable lithium companies in the world. If you want to read our detailed analysis of the lithium industry, go directly to the 15 Most Valuable Lithium Companies in the World.
5. Sociedad Química y Minera de Chile S.A. (NYSE: SQM)
Market Cap: $13.12 billion (as of August 18)
Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) currently holds 19% of the market share of lithium production. Sociedad Quimica y Minera de Chile’s S.A. (NYSE: SQM) headquarters and area of production is in Chile, with offices in over 20 other countries. Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) has a market capitalization of $13.12 and annual revenue of $1.8 billion in 2020. According to Forbes, Chile contributes to 21.5% of global lithium production.
4. Tianqi Lithium Corporation (SZSE: 002466.SZ)
Market Cap: $22.8 billion (as of August 18)
Like Albemarle Corporation (NYSE: ALB), Sociedad Quimica y Minera de Chile (NYSE: SQM), FMC Corporation (NYSE: FMC), EnerSys (NYSE: ENS) and Livent Corp (NYSE: LTHM), Tianqi Lithium Corp (SZSE: 002466.SZ) is among the most valuable lithium companies in the world.
Tianqi Lithium Corp (SZSE: 002466.SZ) is a China-based company and is the world’s largest hard-rock lithium producer. The company paid $209.6 million for a 2.1% stake in Sociedad Quimica y Minera de Chile (NYSE: SQM) in 2016, increasing its hold to 23.7% for $4.07 billion in 2018. In 2020, Tianqi Lithium Corp (SZSE: 002466.SZ) sold 49% of its Australian assets to Australian nickel-gold miner IGO Ltd (ASX: IGO.AX), entering into a $1.4 billion deal.
Photo by Mika Baumeister on Unsplash
3. Albemarle Corporation (NYSE: ALB)
Market Cap: $25.07 billion (as of August 17)
Ranking third on our list of the most valuable lithium companies is Albemarle Corporation (NYSE: ALB), with operations focused in the US and Chile. It produces two types of lithium, hydroxide, and carbonate. Albemarle Corporation (NYSE: ALB) owns a 49% stake in the Greenbushes mine alongside brine operations in Chile and the US. In 2018, Albemarle Corporation (NYSE: ALB) obtained approval from the Chilean government to increase its lithium quota to produce 145,000 metric tonnes of lithium carbonate. Albemarle Corporation (NYSE: ALB) had $3.129 billion in revenue in 2020 and is set to construct a lithium hydroxide plant in Perth, Australia in 2021.
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2. Panasonic Corporation (TSE: 6752.T)
Market Cap: $29.3 billion (as of August 18)
Japan’s Panasonic Corporation (TSE: 6752.T), which is also a Tesla (NASDAQ: TSLA) partner, is one of the largest global suppliers of EV batteries. According to Benchmark Mineral’s classification standards, Panasonic Corporation (TSE: 6752.T) is a Tier 1 lithium-ion battery producer.
In 2014, Tesla Inc (NASDAQ: TSLA) and Panasonic Corporation (TSE: 6752.T) joined forces to build the world’s largest lithium-ion battery factory, Giga Nevada. Panasonic Corporation (TSE: 6752.T) is a provider of lithium-ion batteries to Tesla Inc (NASDAQ: TSLA) and is set to partner with Toyota Motor Corp (TSE: 7203.T) to build a lithium-ion plant in Japan.
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1. Ganfeng Lithium Co., Ltd. (SZSE: 002460.SZ)
Market Cap: $34.5 billion (as of August 18)
We have ranked Ganfeng Lithium Co Lt (SZSE: 002460.SZ) as the most valuable lithium company in the world. Ganfeng Lithium Co Lt (SZSE: 002460.SZ) has lithium resources in several parts of the world including Australia, Ireland, Argentina, with its primary resource located in Mount Marion in Australia. In 2020, the company’s revenue was $5.5 billion.
In 2021, Ganfeng Lithium Co Ltd (SZSE: 002460.SZ) continued to grow, buying high stakes in more companies including Bacanora Lithium Plc (LSE: BCN.L) for $264.4 million and a lithium mine in Mali worth $130 million.
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