Hard rock life: Surging demand for lithium supports new Australian mine development

The Battery Material Mining industry has grown significantly over the past five years, as battery manufacturers have sought to lock in supply while anticipating future growth in demand. Rising demand for electric vehicles has led global automakers to offer a growing range of electric vehicles, particularly in China. The supply of battery materials has become increasingly tight over the past five years, as indicated by significant growth in the prices of lithium and cobalt. Overall, industry revenue is expected to grow at an annualised 32.6% over the five years through 2018-19, to reach $1.6 billion. This includes an expected decline of 3.1% in 2018-19 due to lower lithium prices...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • The Democratic Republic of Congo supplies two thirds of the world’s cobalt supply
  • To supply new battery factories, manufacturers have competed to secure scarce production inputs
  • The global market for cobalt is expected to become undersupplied over the next five years
  • Industry Report - Industry Investment Chapter

    The industry exhibits a high level of capital intensity, which is typical of mining operations. Large-scale mining requires the use of machinery and equipment to mine and transport ores. Additional machinery is also required to extract valuable materials from waste to create refined concentrate products. In 2018-19, industry firms are expected to spend $0.64 on capital equipment for every dollar spent on wages. Capital intensity has remained high over the past five years. Both wages and capital expenses have declined as a share of industry revenue over the past five years due to growth in the prices of lithium and cobalt, which has caused revenue to grow at a faster rate than output...purchase to read more.

    Additional Insights for the Battery Material Mining Industry

    IBISWorld has determined the most important Key Success Factors for the Battery Material Mining are:

  • Ability to find new resource deposits
  • Establishment of export markets
  • Ready access to investment funding
  • IBISWorld analysts also discuss how external factors such as Demand from copper ore mining and Demand from nickel ore mining in the Battery Material Mining industry impact industry performance..

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    What's in this report

    What is the Battery Material Mining Industry?

    Industry companies primarily mine the ores required for battery manufacturing. These ores include lithium, cobalt, and other elements. The mining of commodities that are primarily used for products other than batteries, such as nickel, copper, and zinc, is not included in the industry.

    Industry Products
  • Lithium
  • Cobalt
  • Industry Activities
  • Lithium mining and concentration
  • Cobalt mining and concentration
  • Graphite mining and concentration
  • Vanadium mining and concentration
  • High purity alumina mining and concentration
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from copper ore mining
  • Demand from nickel ore mining
  • Public concern over environmental issues
  • Retail petrol prices

  • Current Performance
  • The electric vehicle revolution
  • Lithium
  • Cobalt
  • Chart: Revenue Growth

  • Industry Outlook
  • Battery demand outlook
  • The future of battery technology
  • Cobalt crunch
  • Lithium supply chain
  • Table: Battery Material Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Battery Material Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • International Consumers

  • Key Selling Industries
  • Mineral Exploration
  • Mining and Construction Machinery Manufacturing
  • Mining and Industrial Machinery Wholesaling
  • Mining Support Services

  • Products & Services
  • Lithium
  • Cobalt
  • Chart: Battery Material Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Battery manufacturers
  • Ceramics and glass manufacturers
  • Other markets
  • Alloy manufacturers
  • Chart: Major Market Segmentation for the Battery Material Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Battery Material Mining

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Battery Material Mining Industry

  • Industry Globalization
    Mineral Resources Limited, Windfield Holdings Pty Ltd, Glencore Operations Australia Pty Limited, Galaxy Resources Limited,
  • Table: Mineral Resources Limited - financial performance
  • Table: Windfield Holdings Pty Ltd - financial performance
  • Table: Glencore Operations Australia Pty Limited - financial performance
  • Table: Galaxy Resources Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Battery Material Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Battery Material Mining Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Direct Shipping Ore (Dso)
  • Ore that is mined and exported without any form of refinement at the mine site.
  • Li-Ion
  • Lithium-ion.
  • Spodumene
  • A naturally occurring mineral that contains a high concentration of lithium.
  • What Our Customers Say

    Why buy this report?

    The Battery Material Mining market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Battery Material Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Battery Material Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Battery Material Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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