Lithium-ion battery market position in China

Will China dominate the global lithium-ion battery supply chain in 2022?

Bali, November 12, 2022 – China continues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking, for the third time in a row, for both 2022 and its projection for 2027, thanks to continued support for the electric vehicle demand and raw materials investments.

Is China's lithium supply chain a linchpin in the global lithium market?

Analysis of material flow and network metrics of the lithium supply chain network In Fig. 1, China's lithium supply chain emerges as a linchpin in the global lithium market, accounting for 80.61% of global lithium resource consumption in 2021—equivalent to 456.29 kt of LCE.

How resilient is China's lithium supply chain?

The resilience dynamic change of China's lithium supply chain is tested. The impacts of disruptions caused by disasters and political conflicts are evaluated. As the world's largest consumer of lithium resources, China faces a substantial demand-supply gap and challenges in securing its lithium supply chain.

Where are lithium batteries made?

The raw material supply is primarily concentrated in a few countries, such as Australia, Brazil, Argentina, Chile, and China, which together account for most of the world's lithium production. In contrast, lithium batteries are mainly produced and consumed in China, Japan, and South Korea (USGS, 2022).

Does China's TNRI-CV influence the global lithium market?

The mean TNRI-CV increases from 0.02 in 2017 to 0.05 in 2021, reinforcing China's growing influence in the global lithium market. However, the median consistently underperforms the mean, suggesting a less skewed distribution of influential trade relationships compared to imports.

Where does China Import lithium?

Consequently, China is highly reliant on imports, primarily from Australia and Chile, to meet its lithium needs (Song et al., 2019).