Market Research Global Lithium Market Analysis 2018 | Page 2

project and the Mt. Cattlin project are both located in Western Australia, and have design capacity of 27ktpa and 13ktpa, respectively. These two projects are set to lead to a 67% increase in spodumene concentrate imports into China lifting the average utilization rate of Chinese conversion plants to over 90%. Japan is one of the prominent regions for the lithium battery market, along with China and Korea; they occupy a 96% market share in terms of battery capacity shipments. Australia accounts for almost 33% of the global lithium supply and is the main point of growth on regional basis in this market. However, Australia only constitutes 5% of the global lithium reserves. Notable Developments in the Market July 2017: SQM announced that the JV between SQM and Kidman Resources, will consolidate the three complementary lithium production plants worldwide - the Salar de Atacama in Chile, the Salar de Cauchar in Argentina, and the Mount Holland Spodumene deposit in Australia Major Players: Albemarle, SQM, FMC Corporation, Sichuan Tianqi Lithium Industries Inc. and Jiangxi Ganfeng Lithium Co. Ltd, amongst others. Get full access to this report at https://www.marketinsightsreports.com/reports/0417446033/global-lithium-market- segmented-by-type-application-end-user-indust ry-and-geography-growth-trends-and- forecast-2018-2023 Reasons to Purchase this Report To understand the impact of end-user applications on the market Analyzing various perspectives of the market with the help of Porters five forces analysis To understand the dominating technology in the market Countries expected to witness the fastest growth during the forecast period Identifying the latest developments, market shares and strategies employed by the major market players 3-month analyst support, along with the Market Estimate sheet in excel About Us:- MarketInsightsReports provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports is your single point market research source for all industries including pharmaceutical, chemicals and materials, energy resource, automobile, IT, technology and media, food and beverages, and consumer goods, among others. Contact us: [phone] | [email protected] Connect With us on: https://www.linkedin.com/company/13411016/ https://www.facebook.com/marketinsightsreports/ https://twitter.com/MIRresearch