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The 5 Most Valuable Lithium Companies

#5: Sociedad Química y Minera de Chile S.A. (NYSE: SQM)

Market Cap: $13.12 billion (as of 8/19/21)

Currently holds 19% of the market share of lithium production. The company is headquartered inChile, with offices in over 20 other countries. Sociedad Quimica y Minera de Chile S.A. had annual revenue of $1.8 billion in 2020. According to Forbes, Chile contributes to 21.5% of global lithium production.

#4: Tianqi Lithium Corp. (SZSE: 002466.SZ)

Market Cap: $22.8 billion (as of 8/19/21)

Tianqi Lithium Corp is a China-based company and is the world’s largest hard-rock lithium producer. in 2016 Tianqi paid $209M for a 2.1% stake in Sociedad Quimica y Minera de Chile (NYSE: SQM) (#5 on this list), increasing its hold to 23.7% for $4B in 2018. In 2020, Tianqi sold 49% of its Australian assets to Australian nickel-gold miner IGO Ltd (ASX: IGO.AX)

#3: Albemarle Corporation (NYSE: ALB)

Market Cap: $25.07 billion (as of August 17)

Albemarle Corporation (NYSE: ALB), operates in the US and Chile, producing two types of lithium, hydroxide, and carbonate. Check out our YouTube video on Hydroxide vs. Carbonate. Albemarle owns a 49% stake in the Greenbushes mine alongside brine operations in Chile and the US. In 2018, Albemarle obtained approval from the Chilean government to increase its lithium quota to produce 145k metric tons of lithium carbonate. Albemarle had $3.1B in revenue in 2020 and is set to construct a lithium hydroxide plant in Perth, Australia in 2021.

#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 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 is a provider of lithium-ion batteries to Tesla Inc (NASDAQ: TSLA) and is set to partner with Toyota to build a lithium-ion plant in Japan.

#1: Ganfeng Lithium Co., Ltd. (SZSE: 002460.SZ)

Market Cap: $34.5 billion (as of August 18)

Ganfeng Lithium Co Lt (SZSE: 002460.SZ) has lithium resources in several parts of the world including Australia, Ireland, Argentina, with 2020 revenue of $5.5B.

In 2021, Ganfeng purchased a stake in Bacanora Lithium Plc (LSE: BCN.L) for $264M and a lithium mine in Mali worth $130M.

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