Foreign Media: Growth in global supply of major battery materials from 2020 to 2025.
The increase in lithium production was the most dramatic, soaring from 395,000 tons to 1.544 million tons—a growth of 291%, far exceeding that of other materials; cobalt and manganese increased by 113% and 93%, respectively, while nickel, graphite, and phosphorus saw increases between 41% and 44%.
The market share of lithium iron phosphate (LFP) batteries rose from 19% in 2020 to 55% in 2025, driving up demand for phosphorus and simultaneously squeezing space for nickel-based battery chemistries. Although nickel production still grew from 25.3 million tons to 36.41 million tons, its relative growth rate has clearly lagged behind.
This shift is primarily driven by China’s battery manufacturing industry's preference for LFP technology, reflecting how changes in battery chemistry are reshaping the global supply chain landscape.
Original source: toutiao.com/article/1864541996351560/
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