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As of September 2025, the leading mining company with lithium operations listed on the Australian Securities Exchange (ASX) was Mineral Resources Ltd, with a market capitalization of around **** billion Australian dollars. Pilbara Minerals Ltd followed closely, with a market capitalization of ****billion dollars.

Pilbara Minerals

Pilbara Minerals’ Pilgangoora mine, located in Western Australia, is one of the largest hard-rock lithium mines in the world. In the 2025 financial year, Pilbara Minerals’ revenue reached *** million Australian dollars. The company’s production volume of lithium spodumene concentrates amounted to just over ***thousand dry metric tons in 2025. 

Australia’s lithium trade

Australia plays a vital role in the global lithium market. While fiscal year 2023 saw a relatively high export value of lithium from Australia, primarily due to high production volumes and global demand, this decreased in the following years. Most of Australia’s lithium mines are in Western Australia. In 2024, China was the major export destination for Western Australian lithium spodumene concentrate. As the country explores more midstream lithium processing opportunities, it remains to be seen if China will still be the nation’s leading lithium trade partner.