Largest lithium mining companies by market capitalization Australia 2021

According to the source, Pilbara Minerals was ranked number one among mid-tier lithium mining companies in Australia, with a market capitalization amounting to 4.2 billion Australian dollars as of June 2021. This was a 656 percent increase in market cap from the previous year.

Pilbara Minerals

Pilbara Minerals has positioned itself as the leading ASX-listed lithium company. It operates the Pilgan and Ngungaju processing plants in Western Australia. The Ngungaju plant was restarted in 2021 after Pilbara Minerals’ acquisition of Altura Lithium Operations, which was one of the largest mining industry mergers and acquisitions in Australia in 2020. In 2021, the company finalized a joint venture agreement with POSCO to develop a South Korea-based downstream lithium chemical conversion facility.

Lithium in Australia

Pilbara Minerals’ success in Australia was expected, considering the country has one of the largest lithium reserves worldwide. Mining has played a significant role in the economic development of the country, and Australia’s reputation as a world-class miner has remained intact. The nation was the leading country in worldwide lithium mine production, and this looks likely to continue into the foreseeable future.