About Lithium Market
Lithium is the lightest metal and solid element. It has an atomic number of 3. It is highly reactive and flammable. Hence, it needs to be stored coated in mineral oils. The spend momentum of this market will be attributed to the usage of lithium in the manufacturing of glass and ceramics as it increases their body strength. Last year, the glass and ceramics segment accounted for nearly 25% of the overall spend share in this market and will continue contributing to the spend growth owing to the increase in demand from buildings and construction industries.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Lithium Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Lithium Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Lithium is the lightest metal and solid element. It has an atomic number of 3. It is highly reactive and flammable. Hence, it needs to be stored coated in mineral oils. The spend momentum of this market will be attributed to the usage of lithium in the manufacturing of glass and ceramics as it increases their body strength. Last year, the glass and ceramics segment accounted for nearly 25% of the overall spend share in this market and will continue contributing to the spend growth owing to the increase in demand from buildings and construction industries.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Lithium Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Lithium Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Rise in demand for Li-ion batteries in energy storage systems
Category management strategy
- Collaborate with suppliers that have a minimum plant utilization rate of 60%
Procurement best practices
- Collaborate with suppliers to monitor lithium market dynamics
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: MARKET INSIGHTS
PART 03: CATEGORY PRICING INSIGHTS
PART 04: COST-SAVING OPPORTUNITIES
PART 05: BEST PRACTICES
PART 06: CATEGORY ECOSYSTEM
PART 07: CATEGORY MANAGEMENT STRATEGY
PART 08: CATEGORY MANAGEMENT ENABLERS
PART 09: SUPPLIERS SELECTION
PART 10: SUPPLIERS UNDER COVERAGE
PART 11: US MARKET INSIGHTS
PART 12: CATEGORY DEFINITION
PART 13: APPENDIX
Executive Summary
The following companies as the key suppliers in the Global Lithium Category - Procurement Market Intelligence Report: Albemarle Corp, SQM SA, FMC Corp, Tianqi Lithium Corp, Ganfeng Lithium Co. Ltd, Altura Mining.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to hire an independent third-party to inspect the quality and quantity of all shipping ports. This is to that the product matches the quantity and quality mentioned in the invoice.”
According to the report, one of the key growth contributors for the global lithium market is the extensive application in the manufacturing of glass and ceramics.
Further, the report states that one of the key category management strategies for the buyers in the global lithium market is to evaluate their suppliers' fair labor practices according to international standards.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Albemarle Corp
- SQM SA
- FMC Corp
- Tianqi Lithium Corp
- Ganfeng Lithium Co. Ltd
- Altura Mining.
Methodology
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