How China Came to Dominate Market for Lithium Batteries, Paper360º May/June 2022

Even though China does not have anywhere close to the world’s largest lithium reserves, the country has come to dominate the global lithium battery supply chain over the last two decades. At a FastMarkets conference in September, 2021, Prabhakar Patil, the former CEO of LG Chem Power, a maker of lithium-ion cells, stated that the Chinese share of the battery market — from raw materials extraction to production of battery packs — has increased dramatically, from 60 percent in 2018 to 72 percent in 2020.

By comparison, the US owns only about 8.5 percent of this pipeline. The US maintains little presence in producing unrefined lithium (there is only one working brine pool in the US), refining mined lithium into battery grade material, or making cells.

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