We've put together a list of the 15 largest and most notable lithium companies in the world, ranking them according to their market capitalization from lowest to highest. Most of these lithium companies have operations in up to 20 countries.
15. Savannah Resources Plc (LSE: SAV.L)
Market Cap: $86.3M - (as of 8/18/21)
Savannah Resources Plc (LSE: SAV.L) is to play an incredibly significant role in Europe’s green revolution. The company is currently in the middle of a new lithium project, Mina da Barroso, highlighting a strong position in 2021. The new project is located in Portugal and the company also has interests in Mozambique. It is set to be the most prestigious spodumene lithium project in all of Western Europe.
14. Bacanora Lithium Plc (LSE: BCN.L)
Market Cap: $304.6M - (as of 8/18/21)
Bacanora Lithium PLC (LSE: BCN.L) is a company based in the United Kingdom that manufactures lithium-ion batteries. Currently, the company is commercializing its newest project in Mexico, the Sonora Lithium Project. It has a production capability of 35,000 metric tonnes per annum of lithium carbonate.
13. Piedmont Lithium Inc. (NASDAQ: PLL)
Market Cap: $870M - (as of 8/18/21)
Piedmont Lithium Inc (NASDAQ: PLL), a US-based company, located on the Carolina Tin Spodumene Belt of North Carolina, produces lithium hydroxide and is targeted towards clean energy and powering electric vehicles (EVs).
According to Piedmont Lithium’s March Quarterly Report 2021, the company entered into an agreement with Sayona Quebec, purchasing a 25% stake. The company also increased its total mineral resources for its flagship operations, Piedmont Lithium Carolina.
12. Lithium Americas Corp. (NYSE: LAC)
Market Cap: $1.8B - (as of 8/18/21)
Lithium Americas Corp (NYSE: LAC) is a company based in Canada, currently operating two of the largest lithium projects, Thacker Pass in the US and Cauchari-Olaroz in Argentina. The Thacker Pass lithium project is expected to be commissioned in 2022 with a production capacity of 30,000tpa of battery-grade lithium carbonate.
11. Galaxy Resources Limited (ASX: GXY.AX)
Market Cap: $1.9B - (as of 8/18/21)
Galaxy Resources Ltd. (ASX: GXY.AX) is one of the leading producers of lithium. It has several operations and projects under its belt including a hard-rock mine in Western Australia, a hard-rock spodumene project in Canada, and a brine project in Argentina. Galaxy Resources Ltd (ASX: GXY.AX) is also working to develop its flagship project in Argentina, Sal de Vida. It also caters to the demand of the North American and European markets for electric vehicles.
10. Orocobre Limited (ASX: ORE.AX)
Market Cap: $2.36B - (as of 8/18/21)
Orocobre Ltd. (ASX: ORE.AX) is one of the leading companies in Argentina’s Lithium Triangle. Orocobre Ltd. (ASX: ORE.AX) is also in partnership with Toyota Tsusho Corporation (TSE: 8015.T), operating a brine-based lithium operation. The company is also underway to construct a 10,000tpa lithium hydroxide plant in Naraha, Japan.
9. Livent Corporation (NYSE: LTHM)
Market Cap: $3.7B - (as of 8/18/21)
Livent Corp (NYSE: LTHM) is a lithium company based in Philadelphia, with its primary focus on the production of lithium hydroxide. Livent Corp (NYSE: LTHM) signed an agreement with Tesla Inc (NASDAQ: TSLA) to increase the volume of its supply in 2021 and analysts expect the partnership to extend through 2022.
Additionally, Livent Corp (NYSE: LTHM) is pursuing a joint venture to buy Nemaska Lithium Inc’s (TSX: NMX) projects in Canada. It is expected to obtain 50% of Nemaska Lithium Inc (TSX: NMX).
As the EV revolution led by companies like Tesla Inc (NASDAQ: TSLA) causes a surge in lithium demand, companies like Livent Corp (NYSE: LTHM), Savannah Resources Plc, along with Albemarle Corporation (NYSE: ALB), Sociedad Quimica y Minera de Chile (NYSE: SQM) and EnerSys (NYSE: ENS) are expected to gain in the coming years.
8. EnerSys (NYSE: ENS)
Market Cap: $3.8B - (as of 8/18/21)
EnerSys (NYSE: ENS) manufactures the NexSys ion battery, handling the most advanced lithium-ion technology. EnerSys is one of the world’s largest industrial battery producers. In July 2021, EnerSys (NYSE: ENS) signed a memorandum of understanding with Lithium Technology Corporation, becoming its exclusive distributor. This will allow for a diversified range of lithium product options, thereby also increasing EnerSys (NYSE: ENS) exposure in the battery market.
EnerSys (NYSE: ENS) is among several lithium giants that continue to grow, along with Albemarle Corporation (NYSE: ALB), Sociedad Quimica y Minera de Chile (NYSE: SQM) and Livent Corp (NYSE: LTHM).
7. Pilbara Minerals Limited (ASX: PLS.AX)
Market Cap: $4.47B - (as of 8/18/21)
Pilbara Minerals Ltd (ASX: PLS.AX) is an Australia-based company, located in the Pilbara region, the heart of its Pilgangoora Operation for the production of spodumene. Pilbara Minerals Ltd (ASX: PLS.AX) has many global partners including Ganfeng Lithium Co Ltd (SZSE: 002460.SZ), General Lithium, and Great Wall Motor Company. It also owns 100% of the world’s largest hard-rock lithium operation.
6. Sichuan Yahua Industrial Group
Market Cap: $5B - (as of 8/18/21)
Sichuan Yahua Industrial Group is a Chinese company that is involved in manufacturing and sales of lithium carbonate, lithium hydroxide and other lithium salt products. Its main operations include industrial explosives, industrial detonators, industrial cords, industrial detonators, customized civil explosive products. In December 2020, the company said it signed a deal with Tesla to supply battery-grade lithium hydroxide to the EV maker for the next five years.
Disclosure: 15 Most Valuable Lithium Companies in the World is originally published on Insider Monkey