According to data released from Benchmark Mineral Intelligence, a London-based research firm for the lithium-ion battery industry, in 2019, Chinese chemical companies accounted for 80% of the world’s total output of raw materials for advanced batteries.
“Of the 136 lithium-ion battery plants in the pipeline to 2029, 101 are based in China,” the firm said in May.
“China controls the processing of pretty much all the critical minerals, whether it’s rare earth, lithium, cobalt or graphite,” Pini Althaus, the chief executive of USA Rare Earth, said in a telephone interview with VOA.
A little-known Chinese company that was founded in 2011 is now the world’s biggest maker of electric vehicle batteries.
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https://www.voanews.com/silicon-valley-technology/how-china-dominates-global-battery-supply-chain#:~:text=China's%20Tianqi%20Lithium%20now%20owns,reserve%2C%20Australia's%20Greenbushes%20lithium%20mine.
Graphite, cobalt, lithium
According to data released from Benchmark Mineral Intelligence, a London-based research firm for the lithium-ion battery industry, in 2019, Chinese chemical companies accounted for 80% of the world’s total output of raw materials for advanced batteries.
“Of the 136 lithium-ion battery plants in the pipeline to 2029, 101 are based in China,” the firm said in May.
“China controls the processing of pretty much all the critical minerals, whether it’s rare earth, lithium, cobalt or graphite,” Pini Althaus, the chief executive of USA Rare Earth, said in a telephone interview with VOA.
A little-known Chinese company that was founded in 2011 is now the world’s biggest maker of electric vehicle batteries.