L R AS Published on Sunday 22 March 2020 - n° 314 - Categories:battery materials
Statistics on cobalt and nickel for batteries
Cobalt: Testament to its importance in the market, the Chinese battery manufacturer CATL consumed 21% of the world's cobalt supply in 2019. The five main manufacturers absorbed
78% of global supply (up from 69% in 2018)
|
Company |
Consumption Share |
Quantity (Tons) |
|
1. CATL |
21% |
3,000 |
|
2. LG Chem |
20% |
2,900 |
|
3. Panasonic |
17% |
2,400 |
|
4. BYD |
11% |
1,600 |
|
5. Samsung SDI |
9% |
1,300 |
In 2019, CATL surpassed the previous year's leader, LG Chem. BYD entered the top 5 for the first time. Thus, whoever holds the cobalt wins the war for battery supremacy
Nickel:In 2019, Panasonic is the world's leading user of nickel with 51% of demand, followed by CATL (15%) and LG Chem (12%). Panasonic uses 60% of its nickel in NCA batteries (for Tesla vehicles) and 39% in NiMH batteries for Toyota's hybrid vehicles
Tesla uses NCA batteries while the Chinese use NCM batteries, reflecting a different nickel consumption. All manufacturers are trying to produce cobalt-free batteries.
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