China-Europe lithium energy storage power supply sales

Which country is leading the lithium-ion battery supply chain?

The US was in sixth place last year. China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry.

Does Europe rely on Chinese refined lithium?

Europe’s dependence on Chinese refined lithium is a critical issue. China dominates the global refined lithium market, controlling 82% of the global refined capacity for Battery Grade Lithium Hydroxide Monohydrate (BG LHM) in 2024 and 60% for Battery Grade Lithium Carbonate . This reliance poses several risks:

Which country dominates bloombergnef's lithium-ion battery supply chain in 2020?

Hong Kong, London and New York, September 16, 2020 – China dominates BloombergNEF’s (BNEF) lithium-ion battery supply chain ranking in 2020, having quickly surpassed Japan and Korea that were leaders for the majority of the previous decade.

How will China impact the global battery supply chain?

A particular focus was on the impact of China, given the potential repercussions of future export restrictions on specific battery production technologies, which could significantly affect the global supply chain .

Why is a stable lithium supply chain important?

A stable and secure lithium supply chain is crucial for Europe’s energy transition and achieving its climate goals. According to the European Commission, the global demand for lithium is projected to increase 14-fold by 2040 compared to 2020 levels. The exponential growth of EVs and energy storage systems should drive this surge.

How does China influence the supply chain?

China governs the largest production shares within the supply chain (11 out of 12). China, Europe and the USA use capital power to boost impact across the supply chain. Political factors further strengthen China's control in mining. China's dominance in LFP-production exceeds 98 %.