The lithium market refers to the global trade and supply of lithium, a key element used in rechargeable batteries, particularly for electric vehicles (EVs) and portable electronics. As demand for EVs continues to rise, driven by the shift towards sustainable energy, the need for lithium has surged, leading to increased exploration and production efforts worldwide. Major producers of lithium include countries like Australia, Chile, and China, which have significant reserves and extraction capabilities. The market is influenced by factors such as technological advancements, government policies promoting clean energy, and fluctuations in battery manufacturing costs, all of which impact lithium prices and availability.