A new ranking for 2020 by Bloomberg’s clean energy, new materials and commodity research arm (BloombergNEF) shows China dominating the global lithium-ion battery supply chain, quickly surpassing Japan and Korea, leaders for most of the previous decade.
China’s dominance is based on its large domestic battery demand, 72GWh, and control of 80% of the world’s raw material refining, 77% of the world’s cell capacity and 60% of the world’s component manufacturing, according to data from BNEF.
Kwasi Ampofo, BNEF’s lead analyst covering battery raw materials, says China’s large scale investments into mining and refining has given it the advantage over Japan and Korea:
“Other countries seeking to be dominant players in the overall value chain may need to support upstream metals mining and refining development, while also formulating policies that will safeguard the environment.”
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