Blockchain Press Releases
Lithium Metal Market to Reach $13.5 Billion, Globally, by 2032 at 12.1% CAGR: Allied Market Research
The global lithium metal market is driven by an increase in demand from the electric vehicle industry. The demand for EVs is increasing as governments and consumers worldwide prioritize sustainable transportation, subsequently boosting the demand for lithium metal.
PORTLAND, Ore, Aug. 18, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Lithium Metal Market by Source (Salt Brine Deposits, Lithium-Rich Clays), By Application (Batteries, Alloys, Intermediate, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the lithium metal market was valued at $4.3 billion in 2022 and is estimated to reach $13.5 billion by 2032, exhibiting a CAGR of 12.1% from 2023 to 2032.
The global lithium metal market is a pivotal landscape within the global business arena, driven by the escalating demand for lithium-ion batteries across various industries, including electronics, automotive, and renewable energy. As these sectors continue to expand, the need for high-performance, energy-dense batteries has intensified, propelling the demand for lithium metal—a key component in battery production. Companies operating in the lithium metal market are witnessing a dynamic landscape marked by technological advancements, supply chain challenges, and evolving regulatory frameworks. Strategic partnerships, investments in research and development, and efforts to ensure a sustainable and efficient supply of lithium metal are crucial for businesses aiming to capitalize on the growing market opportunities and address the increasing environmental concerns associated with resource extraction and battery disposal.
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Prime determinants of growth
The proliferation of smartphones, laptops, tablets, and other portable electronic devices drives the growth of the global lithium metal market. However, there have been concerns about potential supply constraints due to the limited number of lithium metal producers and the time it takes to bring new lithium metal mining operations online. This supply-demand imbalance can lead to price volatility and affect the availability of lithium for various industries. This factor is projected to restrain the growth of the lithium metal market during the forecast period.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$4.3 billion |
|
Market Size in 2032 |
$13.5 billion |
|
CAGR |
12.1 % |
|
No. of Pages in Report |
400 |
|
Segments covered |
Source, Application, and Region. |
|
Drivers |
Escalating demand from the electric vehicle (EV) industry Energy Storage Solutions Increase in demand for industrial applications |
|
Opportunities |
Sustainable mining and recycling Diversification of lithium metal sources |
|
Restraints |
Supply and demand imbalance Geopolitical Factors |
Covid-19 Scenario
- The lithium metal market was negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the aerospace, portable electronics, industrial, and other sectors. The pandemic disrupted supply chains worldwide, including those in the lithium industry.
- However, the demand for products and technologies that use lithium, such as electric vehicles and renewable energy storage systems, witnessed an incline as economies reopened and economic activities resumed.
- The demand for electric vehicles has remained the same post-COVID-19 as consumers and governments continue to focus on sustainability and reduce carbon emissions, leading to increased demand for lithium-ion batteries.
The salt brine deposits segment to maintain its lead position during the forecast period
Based on source, the salt brine deposits segment accounted for the largest share in 2022, contributing to around three-fourths of the global lithium metal market revenue. The lithium industry is focusing on extensive R&D to explore new technologies and applications for lithium. While lithium metal from salt brine deposits may not be commonly used nowadays, advancements in battery technology or other specialized applications are projected to create new opportunities for its utilization in the future. The Lithium-Rich Clays segment, on the other hand, would cite the fastest CAGR OF 12.3% by 2032.
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The batteries segment to maintain its lead position during the forecast period
Based on the application, the batteries segment accounted for the largest share in 2022, contributing to nearly three-fifths of the global lithium metal market revenue. The global shift toward electric vehicles is one of the primary drivers of the increase in demand for lithium metal used for producing lithium-ion batteries. There is a growing focus on transitioning from fossil-fuel-powered vehicles to electric cars as countries and regions aim to reduce carbon emissions and combat climate change. Furthermore, the widespread use of smartphones, laptops, tablets, and other portable electronic devices has contributed significantly to the demand for lithium metal for producing lithium-ion batteries. The same segment is also projected to showcase the fastest CAGR of 12.4% from 2023 to 2032.
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-thirds of the global lithium metal market and is projected to register the highest CAGR of 12.2% during the forecast period. The rapid pace of urbanization and industrial development in countries like China and India has led to increased demand for consumer electronics and portable devices. This surge in demand for smartphones, laptops, and other electronic gadgets has driven the need for lithium-ion batteries, which utilize lithium metal. Moreover, the Asia-Pacific region is also home to significant lithium metal resources, particularly in Australia. Developing these local resources contributes to securing a stable supply of lithium metal for the region’s growing industries.
Leading Market Players: –
- TIANQUI LITHIUM INDUSTRIES INC.
- SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.
- SQM S.A.
- PIEDMONT LITHIUM
- A123 SYSTEMS LLC
- GANFENG LITHIUM CO., LTD.
- LIVENT
- ALLKEM LIMITED
- ALBEMARLE CORPORATION.
- MINERAL RESOURCES LIMITED
The report provides a detailed analysis of these key players in the global lithium metal market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase their flair in the industry.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies:
https://www.alliedmarketresearch.com/lithium-metal-market/purchase-options
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Blockchain Press Releases
MEXC Lists 160 Tokens in April, Delivers Over 800% Returns Across Top Gainers
VICTORIA, Seychelles, May 12, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has released its April 2025 trading highlights, showcasing impressive results in token performance, early listing advantages, and community-driven events like airdrops.
Key Takeaways:
- MEXC listed 160 new tokens in April, led by trends in Meme, GameFi, AI, and DePIN sectors.
- Top 10 new listings delivered an average of 832.33% ATH return, with HOUSE soaring +3,830%.
- Tokens with high spot trading volume saw daily returns averaging 403.49%.
- By pioneering listings for five key tokens—most notably HOUSE, which surged 11,580% between listings—MEXC gave users early access prior to their inclusion in IDO and alpha programs on other tier1 exchanges.
- Airdrop+ campaigns reached 40,000+ participants, distributing about $1.5M in token rewards with a 40 USDT average return per user.
According to the report, MEXC listed 160 new tokens in April, a 16.79% increase compared to March. This increase was driven by surging user interest in sectors such as Meme coins, GameFi, AI, and DePIN. This expansion of early-access opportunities reflects MEXC’s agile listing strategy and commitment to supporting new niches and communities.
Top New Listings Deliver 832% Average Peak Returns
MEXC’s strategic approach to listings paid off, with the top 10 tokens achieving an average all-time high return of 832.33%. HOUSE led the pack, posting a remarkable +3830.90% gain, followed by SEED (+952.63%) and TROLLSOL (+831.31%). These high performers span ecosystems including Solana, Sui, BSC, Ethereum, and Babylon.
Strong Daily Performance Tied to Trading Volume
April’s top 10 tokens by spot trading volume also posted robust short-term returns, with an average 24-hour return of 403.49%. Among them were the following assets:
- WCT (+849.40%)
- BANK (+937.10%)
- BABY (+738.00%)
The early token growth metrics highlight that activity on the platform is an important signal for early traders.
MEXC Empowers Traders with Early Price Discovery Capabilities
Notably, five tokens later featured in leading IDO and alpha programs were listed on MEXC prior to their program debuts, posting price gains of several hundred to several thousand percent between the two events:
- HOUSE: +11,580%
- PUMP: +281.54%
The report findings reinforced MEXC’s reputation as a platform where market momentum is often detected first.
Airdrop+ Events Attract 40,000 Participants, Drive New Token Buzz
MEXC ran 23 Airdrop+ campaigns during the month, attracting over 40,000 participants and distributing almost $1.5 million in tokens. The average return per participant was 40 USDT, with top-performing tokens like SEED, PUMP, and BABY included in the prize pools.
Airdrop+ has proven itself as a tool not only for attracting but also activating users, especially in Asian and emerging markets. A recent MEXC report based on the analysis of more than 100 campaigns in recent months revealed that up to 35% of new users register through participation in airdrop activities. Users involved in the campaign were more likely to continue active trading and participate in subsequent IDO/IEO offerings on the platform.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
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Blockchain Press Releases
HashKey Group Announces Launch of HashKey Global MENA with VASP License in UAE
HONG KONG, May 12, 2025 /PRNewswire/ — HashKey Group (“HashKey”), a leading end-to-end digital asset financial services group in Asia Pacific, has secured a Virtual Asset Service Provider (VASP) license from Dubai Virtual Assets Regulatory Authority (VARA). The license was granted to HashKey MENA FZE, the operating entity of HashKey Global MENA, marking the official launch of the company in the United Arab Emirates (UAE). With this license, HashKey Global MENA is authorized to provide both Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services within, and originating from, the Emirate of Dubai.
Securing the VASP license represents a significant milestone in HashKey’s market expansion strategy into the region. As the UAE continues to establish itself as the premier hub for digital assets in the Middle East, HashKey Global MENA will cater to consumers and enterprises seeking trusted, compliant access to virtual asset services.
To meet the growing institutional needs, the company will introduce a suite of products and services distinguished by several best in class features:
- USD and AED Deposits & Withdrawals: Offers fiat on and off-ramp, allowing users to directly transfer USD from their bank account to HashKey Global MENA’s fiat wallet. As a strategic partner, Standard Chartered provides fiat currency deposit and withdrawal services for the platform. Powered by the bank’s industry-leading (on & off)-ramp solution, the platform offers users a reliable, and highly efficient fiat deposit and withdrawal experience.
- OTC Services: HashKey Global MENA OTC delivers regulated block trading with competitive all-inclusive pricing, ensuring transparent quotes and zero hidden fees for market-leading rates. Large orders benefit from instant execution, eliminating slippage risks, while flexible settlement options cater to institutional and HNWI liquidity needs.
- Major Top 10 Tokens Available For OTC: Access top-tier cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), alongside stablecoins (USDT, USDC), available through OTC services through on and off ramps using USD and AED. BTC and ETH remain the most sought-after tokens, offering trusted liquidity and alignment with institutional demand. All assets are custodied on a VARA-licensed platform with institutional-grade safeguards.
“As a licensed platform, HashKey Global MENA embraces institutional needs by offering a regulated gateway for fiat-crypto transactions, backed by institutional-grade safeguards and strategic partnerships like Standard Chartered. Our regional expansion ambitions, with a strategic focus on the GCC, are rooted in empowering MENA’s institutions and HNWIs with seamless, cost-efficient access to global crypto markets, reinforcing the UAE’s position as a hub for blockchain innovation while prioritizing compliance and client protection at every step,” said Sherif Sanad, Country Manager, HashKey Global MENA.
The UAE has firmly established itself as the third-largest crypto economy in the MENA region. To meet the needs of this rapidly expanding market, HashKey Global MENA will deliver not just virtual asset trading services, but will continue to evolve and develop innovative digital asset products, designed and delivered within VARA’s robust regulatory and compliance framework.
“At HashKey, we believe innovation in crypto shouldn’t come at the cost of compliance. In fact, the industry’s future depends on building boldly—while staying within clear, trusted regulatory frameworks. That’s why we’re committed to working closely with regulators around the world to deliver reliable digital asset products and services on a global scale,” said Sherif Sanad, Country Manager, HashKey Global MENA.
HashKey Group already holds digital asset-related licenses from regulators in Hong Kong, Singapore, Japan, and Bermuda, as well as VASP registration in Ireland. As part of its ongoing commitment to building a world-class regulatory footprint, the company is also actively pursuing a Markets in Crypto-Assets (MiCA) license in the European Union. The HashKey Global MENA exchange will be live starting from May 19th.
About HashKey Global MENA
HashKey Global MENA is the exchange business under HashKey Group, offering licensed crypto asset trading services to users worldwide. HashKey MENA FZE (VL/18/03/002), the operating entity of HashKey Global MENA, is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) as a Virtual Asset Service Provider. Certain services, features, and campaigns may not be available in your jurisdiction.
Disclaimer: https://group.hashkey.com/disclaimer-group/blank-1
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Blockchain Press Releases
Bybit and Ghaf Labs Announce Strategic Partnership to Accelerate Web3 Adoption in the Middle East
DUBAI, UAE, May 12, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and Ghaf Labs, a MENA-based Web3 boutique advisory and consultancy firm, have signed a Memorandum of Understanding (MOU) to enter a multi-year strategic partnership. The alliance aims to drive crypto adoption, ecosystem development, and real-world utility across the Middle East and North Africa (MENA).
This partnership underscores a shared mission to position the region as a global Web3 hub by enabling innovation, supporting regulatory clarity, and fostering meaningful use cases that integrate blockchain into daily life.
Ecosystem Growth and Startup Acceleration
Ghaf Labs, backed by Ghaf Capital Partners—Dubai’s pioneering blockchain-focused private capital firm—offers tailored advisory and incubation services to Web3 ventures across MENA. With its strong regional network and regulatory insight, Ghaf Labs plays a key role in scaling blockchain projects in one of the fastest-growing digital economies.
Together, Bybit and Ghaf Labs will provide equity-free grants, startup support, and access to strategic resources for ventures exploring blockchain, AI, and sustainability—sectors central to the region’s digital transformation.
“Our partnership with Ghaf Labs is rooted in a shared vision for the MENA region — one where crypto isn’t just adopted, but lived,” said Helen Liu, COO and Partner of Bybit. “From developer tooling to lifestyle integration, we’re building the bridges that bring crypto into everyday life.”
Investing in Talent and Community
The collaboration will also launch a series of education initiatives designed to nurture local Web3 talent. These include university partnerships, bootcamps, and developer hackathons, all aimed at empowering the next generation of blockchain builders.
Additionally, both parties will co-develop educational content to improve Web3 literacy across Arabic- and English-speaking communities in the region.
“This partnership with Bybit reflects our shared commitment to advancing Web3 infrastructure, education, and institutional engagement across the MENA region. Together, we aim to accelerate innovation and continue to position the UAE as a global hub for digital assets.”
— Feras Al Sadek, Co-Founder and Managing Partner at Ghaf Labs
Lifestyle, Payments, and Cultural Impact
Beyond development, the partnership highlights the real-world utility of crypto through lifestyle applications like the Bybit Card. This product connects digital assets with premium experiences, including exclusive access through partners such as Grand Millennium Hotels in Dubai—demonstrating the role of crypto in elevating travel, luxury, and everyday spending.
The alliance will also elevate the regional event scene, co-branding marquee events like The Crypto Polo Cup and Crypto Fight Night. These gatherings merge luxury, sport, and Web3 culture to amplify awareness and engagement.
With this MOU in place, Bybit and Ghaf Labs will jointly explore innovation funding, institutional integration, and blockchain-powered use cases across finance, hospitality, education, and beyond—contributing to a resilient Web3 infrastructure in MENA.
This strategic collaboration reinforces the UAE’s status as a forward-thinking jurisdiction and reflects Bybit’s long-term investment in the region’s digital future.
#Bybit / #TheCryptoArk
About Ghaf Labs
Ghaf Labs is a boutique consultancy and advisory firm that specializes in web3 ventures, which are projects that use blockchain and decentralized technologies to create a more open, fair, and secure internet. Ghaf Labs helps web3 ventures expand their presence and adoption in the Middle East and North Africa (MENA) region, by providing them with market insights, strategic partnerships, regulatory guidance, and community building.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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