The global lithium market is expected to grow from 1.84 million LCE tons in 2026 to 4.43 million LCE tons by 2031, with a CAGR of 19.24%. This growth is driven by stricter electric vehicle mandates, the expansion of utility-scale energy storage, and advancements in direct lithium extraction technologies. North America is emerging as the fastest-growing region due to government incentives and new domestic mining projects.
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