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Lithium

Gain insights on global and regional lithium balances, mined and refined supply, cost and production trends across the lithium value chain and how corporate players are responding to price signals and geopolitical events.

Overview

Benefits

Lithium Corporate Service

Recent Insights

Overview

In 2026, global lithium demand is set to reach approximately 2.2mt LCE—more than triple the market size from just five years ago. This outlook remains anchored by two highly dynamic forces reshaping global energy markets: electric vehicle (EV) sales and surging energy storage system (ESS) deployment. The lithium market is no stranger to volatility, with the current cycle shaped by complex variables: diversifying supply sources, shifts in cathode chemistry, evolving chemical intensities, production cost efficiencies, and the aggressive entry of scaled players—from mining giants to oil majors. Leveraging REA’s global network of specialists, our Lithium Corporate Service decodes the corporate strategies producers are deploying to evolve and compete in this geopolitically charged and highly competitive market.

Benefits

Data-driven Insights

REA has had experience working with some of the world’s largest Li producers. Beyond providing a granular view of balances and the long-term outlook for Li, REA also provides unique insights into lithium mines and refineries. For oil companies seeking to enter the Li value chain, REA has a full understanding of the Direct Lithium Extraction (DLE) value chain, technologies and production costs. REA’s Li Service does not stop at cost curve positioning. Our network across the cathode, cell and downstream value chain has helped Li producers execute offtake, helping improve the bankability of projects.

Global mined lithium by region and type

Deliverables

Subscribers to REA’s Lithium Service receive several deliverables each month, including
Monthly Report
Clients receive a pdf report focused on key developments shaping the global lithium market, including balance sensitivities, cost and production trends, corporate M&A activity, pricing, offtake activity and the impact of major geopolitical events on the global Li value chain.

Clients receive regular alerts in response to market-moving events. Our alerts help clients understand the ‘so-what’ to major events impacting the global Li market.

Each month, clients receive a deep-dive note on a key strategic theme shaping the global Li market. Our deep-dives are all excel-backed and used to help inform commercial decision-making for corporate planning teams
Our team responds quickly to client questions on fast-moving market events.

Recent Insights

Zimbabwe’s Lithium Export ban: background and implications

In late February, Zimbabwe suspended exports of lithium concentrates in a bid to strengthen its......
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The lithium derivatives landscape: realities and prospects

For much of 2025, Li prices were languishing near US$10,000/t – a stark contrast to......
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Learning it the hard way: cost discipline and the Australian Li market

Spodumene prices are now at their highest level (~$1,300/t FOB Australia) since late 2023, having......
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