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2021 Negative Electrode Material Market Summary: Standing at the Core of the High-Speed Train of New Energy


In previous years, the prices of negative-electrode materials were relatively stable and unremarkable. But this year, as the new-energy sector has surged ahead, negative-electrode materials have followed closely behind, experiencing a rapid and dramatic price increase. Price adjustments in April, July, September, and November ranged from 500 to 1,000 yuan per ton. Downstream battery manufacturers have been struggling under mounting pressure: on one hand, lithium salt—particularly lithium carbonate—has reached new record highs; on the other, electrolyte prices are rising swiftly. As a result, many battery cell companies have jointly announced price hikes. Even with simultaneous price increases across all materials, the shortage of automotive chips has failed to slow down the momentum of the new-energy transition. Several automakers have reported record-high production and sales volumes. With global demand for new-energy vehicles continuing to soar, driven by robust demand both in overseas markets and the domestic Chinese market, leading global power-battery companies—including CATL, LG Chem, Panasonic, SKI, CALB, BYD, and Guoxuan High-Tech—are actively preparing to expand production capacity, thereby accelerating the pace of negative-electrode-material expansion. Despite their modest and unassuming nature—negative-electrode materials typically account for only 7%–15% of battery costs and represent about half the volume of positive-electrode materials—they remain quietly committed to technological innovation. They continue to refine and stabilize existing technologies such as artificial graphite, develop advanced silicon-based negative electrodes for the 4680 format, and explore the potential of sodium-ion batteries yet to be fully realized.

2022-01-05


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