What is the global market for lithium-ion batteries?

The global market for Lithium-ion batteries is expanding rapidly. We take a closer look at new value chain solutions that can help meet the growing demand.

Does China have a large market share in lithium-ion batteries?

In particular, he says, China has an unhealthily large market share in the production of lithium-ion batteries and in the refining of lithium chemicals for them. China's been building critical minerals processing capacity over the last 15, 20 years while the rest of the world was sleeping.

Will lithium supply treble by 2025?

Lithium is one of the key components in electric vehicle (EV) batteries, but global supplies are under strain because of rising EV demand. The world could face lithium shortages by 2025, the International Energy Agency (IEA) says, while Credit Suisse thinks demand could treble between 2020 and 2025, meaning “supply would be stretched”.

Should the United States buy lithium-ion batteries?

To be sure, it is prudent for the United States to secure a limited supply of lithium-ion batteries, produced either domestically or by trusted partners abroad, to hedge against the risk of China cutting off exports of batteries or their components.

Why do lithium-ion batteries need to be recycled?

"Recycling a lithium-ion battery consumes more energy and resources than producing a new battery, explaining why only a small amount of lithium-ion batteries are recycled," says Aqsa Nazir, a postdoctoral research scholar at Florida International University's battery research laboratory.

Are lithium-ion batteries sustainable?

Lithium-ion batteries offer a contemporary solution to curb greenhouse gas emissions and combat the climate crisis driven by gasoline usage. Consequently, rigorous research is currently underway to improve the performance and sustainability of current lithium-ion batteries or to develop newer battery chemistry.