China has won 2/3 of the global lithium battery, only 5% of the US is in a hurry

1,098 Published by BSLBATT Apr 09,2019

Only 5% of global lithium-ion batteries are made in the US

The Daily Economics reporter noted that China has now dominated the global electric vehicle supply chain. According to Benchmark Minerals Intelligence data tracking lithium and other commodity prices, China produces nearly two-thirds of the world’s lithium-ion batteries, while the United States only accounts for 5%.

According to data from the US Geological Survey, since 2014, due to the growing demand for Tesla, SK and other companies building battery plants in the United States, lithium imports in the United States have nearly doubled.

“We need to find ways to more effectively develop the supply of important minerals in the United States, because these resources are critical to US national security and the economy,” said John Dakota, a member of the US Senate Energy and Natural Resources Committee. Hu Fen wrote in a statement. Hu Fen and Lisa Murkowski, chairman of the US Senate Energy Committee, have been invited to attend the meeting. In addition, officials from the US Department of State, the Department of Energy, the Ministry of the Interior and the US Geological Survey are planning to attend.

Reuters also quoted people familiar with the matter as saying that Murkowski is expected to introduce independent legislation aimed at simplifying the approval process for lithium and other minerals, supporting US state and federal governments’ research on key US mineral supplies, and encouraging mineral recovery. issue. The source also said that because the previous US Congress failed to pass broader energy legislation, the meeting will also replace the vacancy, Murkowski also hopes that similar legislation can cause wider concern in the industry.

Currently, five companies, including Lithium Corporation of the United States, are developing lithium projects in the United States and plan to use new technologies to extract metals from clay, bromine or even oilfield waste. Although these processes are not common elsewhere, some analysts believe this will have an impact on the industry as a whole.

Representatives of the three major car dealers in the United States plan to attend

The report also said that if the above five companies are scheduled to start production in 2022, the United States will produce at least 77,900 tons of lithium carbonate per year, which will become one of the world’s largest lithium producers. However, lithium development projects have always faced many obstacles, and the production quantity is far from guaranteed.

Sources also said representatives from Tesla, Ford and General Motors are planning to attend a meeting in Washington in May this year, and they will discuss possible policy changes with federal officials. This may encourage the development of a domestic electric vehicle supply chain to mine and process lithium, nickel, cobalt and graphene for battery manufacturers and automakers. Tesla and General Motors did not respond to Reuters’ request for comment. A Ford Motor Company spokesperson said the company will often engage with stakeholders on various supply chain issues.

Paul Greves, CEO of Livent, said: “We look forward to participating in this forum with policy makers and industry participants focused on ensuring that the United States maintains a leading position in the development of the electric vehicle industry.”

People familiar with the matter added that the one-day conference will be divided into morning seminars with a focus on financing and licensing barriers, and regulators and industry executives will hold one-on-one meetings that afternoon.

Ioneer Chairman James Callaway said: “We are working hard to ensure that policymakers understand this complex situation.” Ioneer Ltd is developing a lithium project in Nevada, which also contains a lot of boron for mass consumer goods.

In Arkansas, Standard Lithium is developing a pilot project to extract lithium from bromine waste from chemical plants. Arkansas Governor Asa Hutchinson told Reuters: “We have a chance to take a big step in lithium production and we hope to support this.”

Hutchinson and other US officials hope that the US lithium project will remain independent without government financial support, but it is also a potential obstacle – investors usually get the new support after receiving the government’s tacit support. Investing in new technologies that are not market-proven.

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