Australia Lithium Market Size, Share Analysis, Growth Insights and Forecast 2025-2032

Australia Lithium Market reached US$1,294.38 million in 2024 and is expected to reach US$5,309.55 million by 2032, growing with a CAGR of 19.30% during the forecast period 2025-2032.

Australia is the world’s leading producer of lithium, the country has extensive lithium reserves, mainly concentrated in Western Australia, where hard-rock spodumene mining is dominant. Australia’s well-established lithium mining operations, including Greenbushes (the world's largest hard-rock lithium mine), Pilgangoora, and Mount Marion, ensure a stable supply of high-grade lithium. Additionally, Australian lithium companies such as Pilbara Minerals, Albemarle, and Mineral Resources are expanding their capacities to meet growing global demand.