The Best Lithium Mining Companies to Work for in 2019

Written by
Rebecca Smith

Published
Mar 21, 2019

Mar 21, 2019 • by Rebecca Smith

Did you know thatby 2025, there will be aglobal demand for lithiumof around 814,000 metric tons? The demand is higher than ever,but lithium mining companies and producers are currently struggling to meet the demands.

And you know what they say about products in high demand and low supply - they are worth more money! Whichin turn means that the lithium mining industryis profitable.

So, sit back and allow us to introduce you to your next (and maybe your smartest) career move!

Chemistry class

Pipe down and listen up class! For those of you who didn't listen in chemistry class, lithium is a soft alkali metal.

Lithium is used for a whole range of products, including ceramics, glass, electronics, air conditioners, medicines, and batteries.

Why is this light metal in such high demand and why is it being so aggressively mined?

According to a2018 US Geological Survey, rechargeable lithium batteries make up 46% of the demand, whilst ceramics and glass make up 27% and various industrial uses make up the rest of the demand.

Undoubtedly, the increase in technology is driving a big part of this demand. The good news (for those in or thinking about a career in the lithium mining process) is that technology is here to stay, so the demand will continue to rise.

Where is Lithium Found and What is the Lithium Mining Process?

Lithium hot-spots can be found in Australia, Chile, Argentina, China, and Zimbabwe. These 5 locations produced 98.4% of the total lithium mined in 2017.

It is estimated that 87% of lithium is extracted through a process known as Brine Mining. Whilst the other 13% of lithium is extracted through traditional mining operations.

Brine Mining

Brine Mining is where lithium is extracted via evaporating brine water from briny lakes, also known as salars.

Evaporating the water leaves behind lithium carbonate, and magnesium, calcium, sodium, and potassium.

This process is lengthier than traditionalhard rock mining, as it takes between 8 months and 3 years - but it is also cheaper and easier.

Brine Mining is particularly popular in Argentina and Chile, due to high concentrations ofsalars.

TraditionalMining

Traditional mining operations are used for about 13% of lithium extraction. High concentrations of lithium are often found within hard rock mines.

Traditional Mining of lithium can cost more to operate and can cause greater environmental and geological impact than Brine Mining.

5 of theBest Lithium Mining Companies in 2019

5. Wealth Minerals

Wealth Minerals are a Canadian based company who have several lithium mining processes underway. Working mainly in Northern Chile and along the Argentina border, Wealth Minerals have acquired a portfolio of 100,000 hectares.

Wealth Mineral's mission statement reads that they are 'dedicated to being a responsible corporate citizen, building out a world-class company at the forefront of new energy technologies.'

Wealth Minerals aren't considered to be one of the lithium producer giants, but they are herefor the long-haul.

4. Jiangxi Ganfeng Lithium

Jiangxi Ganfeng Lithium is based in China and are the world's third largest lithium compounds producer. The company produced an income of $4 billion in 2017.

Jiangxi Ganfeng Lithium's mission statement reads that they wish to 'utilize limited lithium resources to create green, clean and healthy life for human development and progress.'

Offering 5 main categories of over 40 different lithium compounds and metals, thislithium producer provides a comprehensive range of products. Jiangxi Ganfeng also offersinvestors A shares or H shares.

3. Livent

Formally known as FMC, Livent operate their lithium business in Argentina and have many offices and manufacturing facilities throughout the world.

Livent's mission statement reads that they want to 'harness lithium technology to power people's lives for a cleaner, healthier and more sustainable world.'

Livent has beenproducing lithium compoundsfor 60 years and for 20 years the company has been extracting lithium from salars in Argentina. It is estimated that Livent has a revenue of $112 million and a net income of $30 million.

2. SQM

SQM (Sociedad Quimica y Minera S.A.) is based in Chile, buthave offices in 20 different countries. SQM aren't solemnly a lithium producer; the company also specializes inSpecialty Vegetable Nutrition (NVE), Iodine and derivatives, Potassium and Industrial Chemicals.

SQM has various lithium projects around the world such as in Chile. They also have a joint venture in Western Australia - 50/50 with Kidman Resources Limited.

SQM's mission statement reads our 'activity focuses on the extraction of minerals, capable of being selectively integrated into the processing and commercialization of products for industries essential for human development'.

In 2018, the company had a net income of $85.3 million. SQM lithium mining stocks are currently $39.68(as of March 2019). In May 2018, stocks were as much as $58.69.

1. Albemarle

Albemarle is considered to be the world leader in lithium mining. So why would you not want to work for the very best business?

Based in North Carolina, Albemarle is a global corporation which employs 5,400 people worldwide. Albemarle operates lithium brine mining projects in the US and Chile, and it also holds a 49% stakeholder in Greenbushes mine, Australia.

Albemarle alsospecializes inother areas, including bromine and refining catalysts.

The company's values focus on 6 core behavior-based principles that reflect the business. These are care, courage, curiosity, humility, collaboration, and integrity and transparency.

In 2018, the company had a net income of $693 million. Albemarle lithium mining stocks are currently $85.23 (as of March 2019). InNovember 2018, stocks were as much as $107.99.

Grab a Piece of the Action

There are a number of jobs and industry sectors which are suffering and if you are scared about your job security it might be time for a new job or career.

Lithium mining companies are thriving as the high demand for lithium battery power (lbp) continues to soar. Invest your time in learning more about the lithium mining process and you could be onto a money-making scheme.

Alternatively, if you don't have the skills and the time to re-train, why not consider investing your money in lithium mining stocks?

With lithium companies like and producers doing so well, their stocks are also a profitable venture. Find out more about whichcompanies you should invest in.