Infographic: Brazil's lithium supply set to soar as spodumene mining accelerates

After launching the Lithium Valley project on Nasdaq a year ago, Brazil has increasingly solidified its position as a key player in the global lithium market. The country has attracted both domestic and foreign investments, with a promising portfolio of new projects focused on exploring deposits of the lithium-rich mineral spodumene.

With three operational plants and eight more in the pipeline, Brazil's output of lithium carbonate equivalent (LCE) reached 29,976 metric tons in 2023. According to data from S&P Global Market Intelligence, there is potential for this production to increase up to fivefold by 2028. Brazil still lags behind Australia, China, Argentina, Chile, and Zimbabwe, which boast the largest lithium reserves in Africa, despite political instability and macroeconomic risks.

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