8/28/2023 0 Comments Who mines cobalt for batteries![]() CATL makes electric-car batteries for Tesla.ĬATL hairman Zeng Yuqun told Bloomberg last month that they have developed a power pack that lasts more than a million miles. 1 in the electric vehicle battery production, with a 27.9% market share. "China controls the processing of pretty much all the critical minerals, whether it's rare earth, lithium, cobalt or graphite,” Pini Althaus, the chief executive of USA Rare Earth, said in a telephone interview with VOA.Ī little-known Chinese company that was founded in 2011 is now the world’s biggest maker of electric vehicle batteries.įor three consecutive years ending in 2019, South Korea's market tracker SNE Research has ranked China’s Contemporary Amperex Technology Co. ![]() "Of the 136 lithium-ion battery plants in the pipeline to 2029, 101 are based in China," the firm said in May. For the foreseeable future, the country will likely need to depend on Chinese supply chains to produce the batteries that help power America’s economy.Īccording to data released from Benchmark Mineral Intelligence, a London-based research firm for the lithium-ion battery industry, in 2019, Chinese chemical companies accounted for 80% of the world’s total output of raw materials for advanced batteries. imported 78% of its cobalt, and all of its graphite. Geological Survey (USGS), last year the U.S. The achievement points to the challenge of controlling the raw materials that will power the world’s next energy revolution. achieved its long-held goal of energy independence” producing enough oil and gas for its domestic needs. "All of our national security decisions were set against the backdrop of what they might mean to our energy security, following the 1973 Yom Kippur war when Egypt and Syria invaded Israel and the Arab nations cut off supplies to the US and allies who helped Israel." Dan Kish, senior vice president for policy at the American Energy Alliance, a not-for-profit energy advocacy organization, told VOA. continues to transition away from fossil fuel energy sources for items such as vehicles, power grids, mobile phones and laptop computers.Īnd that could make the global battery supply an issue of national security.įor nearly half a century, American politicians have sought to protect the country from disruptions caused by foreign oil producers. But it will likely grow in importance if the U.S. ![]() “Looking at the global automotive industry chain, China, for the first time, has taken the lead in the world in the manufacturing of key parts," state media Xinhua said in August in a report titled "China's dominant position in batteries needs to be further consolidated."Īs the United States and China face off over advanced communication technologies like 5G, the world’s battery supply is not yet a major issue. ![]() If current trends continue, most of them will likely use Chinese batteries, a key element for transitioning away from fossil fuels, and most of those batteries will be lithium ion, which are also popular for cellphones and laptops because of their high energy per unit mass relative to other electrical energy storage systems, according to the U.S. They expect a similar percentage of light commercial vehicles in the U.S., Europe and China sales will be electric within that time, BNEF predicts. These new batteries are essential for electric vehicles and most portable consumer electronics such as cell phones and laptops.īy 2040, energy analysts estimate over half of all passenger vehicles sold worldwide could be electric, according to 2019 report by Bloomberg New Energy Finance. After years of planning, China now dominates the world’s production of new generation batteries that are key to transitioning away from fossil fuels. ![]()
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