top of page

Our view on global cathode material - China Power Battery Cathode Material Industry Chain Conference

Updated: Jul 1, 2021


InsightWoo was invited to attend as a keynote speaker on the 5th China Power Battery Cathode Material Industry Chain Conference on 10th June 2021. Our keynote speaking topic was Global Cathode Material Review and Forecast.


in 2020, the world produced about 682Kt of cathode material, NCM/NCA accounting for ~46%, InsightWoo's view for the demand of cathode material globally by 2025 will be reaching at ~2.8 million metric tons (mt), amount which China's demand will be ~1.4mt.





The global output of cathode material had increased from ~240,000 tons in 2016 to ~680,000 tons in 2020, with an annual growth rate of 23%;


Driving factors: 1) In China, the end application market is mainly due to the rapid development of new energy vehicles, electric tools, electric bicycles; 2) globally, in the second half of 2020, many governments had successively released policies to support electric vehicles.


Due to intensive cathode capacity expansion globally, it is expected that China's cathode output % will decline in the coming years.





The production capacity of cathode material will grow rapidly in the next 5 years, with an overall compound annual growth rate of ~12%.




Apart from China, almost all the increase in cathode material comes from high-nickel materials, that is NCM/NCMA/NCA. China's increase mainly from NCM and LFP, accounting for 60% and 40% respectively.



The global demand for high nickel cathode material for lithium batteries will increase significantly by 2025.




If you are interested in more information and further consulting, please contact us by leaving your message through the contact page.



Lili Wu's presentation on the 5th China Power Battery Cathode Material Industry Chain Conference





7 views0 comments
bottom of page