Energy
Visualizing 25 Years of Lithium Production, by Country
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Lithium Production by Country (1995-2021)
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Lithium is often dubbed as “white gold” for electric vehicles.
The lightweight metal plays a key role in the cathodes of all types of lithium-ion batteries that power EVs. Accordingly, the recent rise in EV adoption has sent lithium production to new highs.
The above infographic charts more than 25 years of lithium production by country from 1995 to 2021, based on data from BP’s Statistical Review of World Energy.
The Largest Lithium Producers Over Time
In the 1990s, the U.S. was the largest producer of lithium, in stark contrast to the present.
In fact, the U.S. accounted for over one-third of global lithium production in 1995. From then onwards until 2010, Chile took over as the biggest producer with a production boom in the Salar de Atacama, one of the world’s richest lithium brine deposits.
Global lithium production surpassed 100,000 tonnes for the first time in 2021, quadrupling from 2010. What’s more, roughly 90% of it came from just three countries.
Rank | Country | 2021 Production (tonnes) | % of Total |
---|---|---|---|
#1 | Australia 🇦🇺 | 55,416 | 52% |
#2 | Chile 🇨🇱 | 26,000 | 25% |
#3 | China 🇨🇳 | 14,000 | 13% |
#4 | Argentina 🇦🇷 | 5,967 | 6% |
#5 | Brazil 🇧🇷 | 1,500 | 1% |
#6 | Zimbabwe 🇿🇼 | 1,200 | 1% |
#7 | Portugal 🇵🇹 | 900 | 1% |
#8 | United States 🇺🇸 | 900 | 1% |
Rest of World 🌍 | 102 | 0.1% | |
Total | 105,984 | 100% |
Australia alone produces 52% of the world’s lithium. Unlike Chile, where lithium is extracted from brines, Australian lithium comes from hard-rock mines for the mineral spodumene.
China, the third-largest producer, has a strong foothold in the lithium supply chain. Alongside developing domestic mines, Chinese companies have acquired around $5.6 billion worth of lithium assets in countries like Chile, Canada, and Australia over the last decade. It also hosts 60% of the world’s lithium refining capacity for batteries.
Batteries have been one of the primary drivers of the exponential increase in lithium production. But how much lithium do batteries use, and how much goes into other uses?
What is Lithium Used For?
While lithium is best known for its role in rechargeable batteries—and rightly so—it has many other important uses.
Before EVs and lithium-ion batteries transformed the demand for lithium, the metal’s end-uses looked completely different as compared to today.
End-use | Lithium Consumption 2010 (%) | Lithium Consumption 2021 (%) |
---|---|---|
Batteries | 23% | 74% |
Ceramics and glass | 31% | 14% |
Lubricating greases | 10% | 3% |
Air treatment | 5% | 1% |
Continuous casting | 4% | 2% |
Other | 27% | 6% |
Total | 100% | 100% |
In 2010, ceramics and glass accounted for the largest share of lithium consumption at 31%. In ceramics and glassware, lithium carbonate increases strength and reduces thermal expansion, which is often essential for modern glass-ceramic cooktops.
Lithium is also used to make lubricant greases for the transport, steel, and aviation industries, along with other lesser-known uses.
The Future of Lithium Production
As the world produces more batteries and EVs, the demand for lithium is projected to reach 1.5 million tonnes of lithium carbonate equivalent (LCE) by 2025 and over 3 million tonnes by 2030.
For context, the world produced 540,000 tonnes of LCE in 2021. Based on the above demand projections, production needs to triple by 2025 and increase nearly six-fold by 2030.
Although supply has been on an exponential growth trajectory, it can take anywhere from six to more than 15 years for new lithium projects to come online. As a result, the lithium market is projected to be in a deficit for the next few years.
Energy
The World’s Biggest Oil Producers in 2023
Just three countries accounted for 40% of global oil production last year.
The World’s Biggest Oil Producers in 2023
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Despite efforts to decarbonize the global economy, oil still remains one of the world’s most important resources. It’s also produced by a fairly limited group of countries, which can be a source of economic and political leverage.
This graphic illustrates global crude oil production in 2023, measured in million barrels per day, sourced from the U.S. Energy Information Administration (EIA).
Three Countries Account for 40% of Global Oil Production
In 2023, the United States, Russia, and Saudi Arabia collectively contributed 32.7 million barrels per day to global oil production.
Oil Production 2023 | Million barrels per day |
---|---|
🇺🇸 U.S. | 12.9 |
🇷🇺 Russia | 10.1 |
🇸🇦 Saudi Arabia | 9.7 |
🇨🇦 Canada | 4.6 |
🇮🇶 Iraq | 4.3 |
🇨🇳 China | 4.2 |
🇮🇷 Iran | 3.6 |
🇧🇷 Brazil | 3.4 |
🇦🇪 UAE | 3.4 |
🇰🇼 Kuwait | 2.7 |
🌍 Other | 22.8 |
These three nations have consistently dominated oil production since 1971. The leading position, however, has alternated among them over the past five decades.
In contrast, the combined production of the next three largest producers—Canada, Iraq, and China—reached 13.1 million barrels per day in 2023, just surpassing the production of the United States alone.
In the near term, no country is likely to surpass the record production achieved by the U.S. in 2023, as no other producer has ever reached a daily capacity of 13.0 million barrels. Recently, Saudi Arabia’s state-owned Saudi Aramco scrapped plans to increase production capacity to 13.0 million barrels per day by 2027.
In 2024, analysts forecast that the U.S. will maintain its position as the top oil producer. In fact, according to Macquarie Group, U.S. oil production is expected to achieve a record pace of about 14 million barrels per day by the end of the year.
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