How many lithium reserves are there in the world?

If we look at proven reserves, there is a grand total of 26 million tons of lithium spread across the world. Out of the 26 million tons of global lithium reserves as per the U.S. Geological Survey published in January 2023, Chile was home to the largest lithium reserves base with 9.3 million tons of proven lithium reserves.

What is a lithium reserve?

Reserves are a subset of the resources and make up the part of resources that have been evaluated and deemed commercially viable for extraction. If we look at proven reserves, there is a grand total of 26 million tons of lithium spread across the world.

Which countries produce the most lithium?

Here’s a quick look at these other nations:United States — 1,100,000 MTCanada — 930,000 MTBrazil — 390,000 MTZimbabwe — 310,000 MTPortugal — 60,000 MTAs the lithium industry continues to grow, production has followed, and many of these countries with high reserves are becoming significant producers as well.

What is the global demand for lithium batteries?

Batteries account for the largest share of lithium end-usage. Propelled by the growth in the electric vehicle market, powered by rechargeable lithium batteries, global lithium demand is forecast to reach one million metric tons by 2025, and surpass two million tons by 2030.

Where are Australia's lithium reserves located?

Unlike those found in Chile and Argentina, Australia's lithium reserves are in the form of hard-rock spodumene deposits. The majority of the country's reserves are found in Western Australia.

Is the US a good producer of lithium?

The United States of America has plenty of natural resources. However, when it comes to lithium specifically, the US is not one of the top producers of lithium in the world. According to data from the United States Geological Survey, the United States has a total of 750,000 tons of lithium reserves.