Lithium Mining Market Anticipated to Hit $17 Billion by 2035, Key to Global Energy Transition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2025
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Source: Newsfilter
Lithium Mining Market Growth: The Lithium Mining Market is projected to grow from USD 4.19 billion in 2025 to USD 17.54 billion by 2035, driven by increasing demand for electric vehicles and renewable energy storage, alongside a shift towards battery recycling.
US Critical Metals Corp. Developments: US Critical Metals Corp. has amended an agreement to acquire 100% interest in the McDermitt East Lithium Project, enhancing its position in North America's lithium sector, which aligns with U.S. government efforts to secure domestic supply chains.
Analyst Views on MP
Wall Street analysts forecast MP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MP is 76.13 USD with a low forecast of 55.27 USD and a high forecast of 94.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 64.650
Low
55.27
Averages
76.13
High
94.00
Current: 64.650
Low
55.27
Averages
76.13
High
94.00
About MP
MP Materials Corp. produces specialty materials that are vital inputs for electrification and other advanced technologies. The Company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (Mountain Pass) located in California. It is also developing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas (Independence Facility). The Company’s segments include Materials and Magnetics. The Materials segment operates Mountain Pass, which produces refined rare earth products as well as rare earth concentrate and related products. The Materials segment primarily generates revenue from sales of rare earth concentrate, primarily sold for further distribution to a single, principal customer in China, and sales of neodymium-praseodymium (NdPr) oxide and metal, primarily sold to customers in Japan, South Korea, and broader Asia. The Magnetics segment operates the Independence Facility, where it produces magnetic precursor products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
