2024 Negative Electrode Material Industry Trend Analysis
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Industry News
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Release time:
2025/11/17
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Data shows that in 2023, China's shipments of lithium-ion battery anode materials reached 1.65 million tons, a year-on-year increase of 21%, which was lower than the growth rate of China's lithium-battery industry.
The data shows that, In 2023, China's shipments of lithium-ion battery anode materials reached 1.65 million tons, representing a year-on-year increase of 21%. However, this growth rate was lower than the growth rate of China's lithium-battery industry. The reason is:
1) China is the world’s largest supplier of negative electrode materials, accounting for over 90% of global supply in 2023, while global lithium-battery shipments grew by only 27% year-on-year in 2023.
2) In 2023, downstream lithium battery companies cleared their inventories, resulting in actual production schedules at battery manufacturers falling below shipment volumes—this impacted demand for negative electrodes by approximately 5%.
On the policy front, China’s Ministry of Commerce and the General Administration of Customs have issued the “Announcement on Optimizing and Adjusting Temporary Export Control Measures for Graphite Items.” In response, foreign lithium-battery companies, in order to ensure supply-chain stability, will increase their procurement of negative-electrode materials sourced from non-China suppliers.
Expected In 2024, the Chinese negative electrode material industry will exhibit the following trends:
1) Supply and demand remain oversupplied, with the industry’s capacity utilization rate staying around 50%. It is expected that the number of companies halting production will exceed 40.
2) The price war continues, with price reductions exceeding 10% compared to the end of 2023.
3) Artificial graphite with a capacity ≥350 mAh/g and a compaction density ≥1.6 g/cm³, capable of fast charging at 4C or higher, will be widely adopted in vehicle applications.
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