en.Wedoany.com Reported - New analysis released by Wood Mackenzie on Monday (25th) shows that by 2030, China's share of global lithium mining could approach 40%. This reflects China's increasingly significant role in the battery supply chain, which is considered a core link in the energy storage and electric vehicle industries.

Currently, China already dominates most global battery manufacturing sectors. The consultancy noted that Chinese companies are accelerating their involvement in the extraction of the key minerals required for these systems. In contrast, Australia, which long led global lithium production, is expected to see its share drop from 43% in 2020 to 25% by the end of the decade, while China's share will rise to 24%, taking over the leading position.

Wood Mackenzie also forecasts that lithium production growth outside of China will accelerate, particularly in Africa, which could account for 13% of global output by 2030. In 2020, Africa's share was almost negligible.

Allan Pedersen, Research Director at Wood Mackenzie, said: "Production growth is becoming more geographically diversified, but asset ownership remains concentrated in the hands of a few companies." The consultancy also pointed out that Chinese mining enterprises are filling the gap left by Western investors, who tend to be more conservative when participating in new mining projects.

China's progress in lithium comes at a time of rapid global expansion in battery energy storage systems. In the coming years, lithium demand is expected to continue rising, driven by the promotion of electric vehicles, advances in energy storage technology, and the need for grid flexibility as the share of renewable energy increases. The firm stated: "As governments intensify efforts to secure supplies of critical minerals, the concentration of lithium ownership across different regions will remain an increasingly important strategic and political issue."

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