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chain?","can-north-america-build-a-battery-supply-chain","article/can-north-america-build-a-battery-supply-chain",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":697,"featured":51,"reporter":698,"_editable":702,"component":703,"seo_title":543,"categories":704,"visibility":711,"author_company":49,"featured_image":712,"seo_description":697,"author_full_name":49,"author_job_title":49,"formattedDate":716,"formattedArticleDate":717},"5fa3bafa-a3ee-4475-9b27-ace300c9d331","2022-11-17 00:00",[550,553],{"slug":551,"name":552},"data-visualisation","Data Visualisation",{"slug":554,"name":555},"north-america","North America",[557],{"slug":558,"name":559,"content":560},"matthew-bird","Matthew Bird",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Senior Editor - Supply Chains & Data Visualisation",{"filename":563},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":567,"content":568},"doc",[569,576,581,586,591,596,601,606,615,622,627,632,637,642,647,652,657,662,667,672,677,682,687,692],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573],{"text":574,"type":575},"Increased penetration of electric vehicles and large-scale deployment of energy storage systems is driving the rising demand for batteries in North America.","text",{"type":570,"attrs":577,"content":578},{"textAlign":49},[579],{"text":580,"type":575},"Benchmark forecasts regional demand will increase nearly six-fold between 2022 and 2030.",{"type":570,"attrs":582,"content":583},{"textAlign":49},[584],{"text":585,"type":575},"But while battery cell production is expected to meet the region’s demand this decade, there is a lack of forecast capacity in the mid and upstream to supply new gigafactories with battery materials. ",{"type":570,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":575},"That means North America will still be reliant on imports to fulfil its demands. ",{"type":570,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":575},"Only 3% of the demand for anodes and cathodes is expected to be met with domestic supply by the end of the decade, according to Benchmark.",{"type":570,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":575},"“All of this raw material supply is great,” George Miller, an analyst at Benchmark, said. “But ultimately if you don’t have the midstream production steps, those materials will have to be exported elsewhere to be then reimported into the region as cathode and anode.”",{"type":570,"attrs":602,"content":603},{"textAlign":49},[604],{"text":605,"type":575},"“Every step of the supply chain needs to be present to make sense as a localised supply chain.”",{"type":570,"attrs":607,"content":608},{"textAlign":49},[609],{"type":610,"attrs":611},"image",{"id":49,"alt":612,"src":613,"title":49,"source":49,"copyright":49,"meta_data":614},"","https://a.storyblok.com/f/287943243085208/50740c838a/bm-na-supply-demand.jpg",{},{"type":616,"attrs":617,"content":619},"heading",{"level":618,"textAlign":49},4,[620],{"text":621,"type":575},"Lack of cathode and anode ",{"type":570,"attrs":623,"content":624},{"textAlign":49},[625],{"text":626,"type":575},"In 2030, Benchmark forecasts North America will only be able to fulfil 3.5% and 3.4% of its domestic cathode and anode demands domestically.",{"type":570,"attrs":628,"content":629},{"textAlign":49},[630],{"text":631,"type":575},"“It’s very underdeveloped in the midstream,” Miller said.",{"type":570,"attrs":633,"content":634},{"textAlign":49},[635],{"text":636,"type":575},"China currently has over 90% of the world’s anode production capacity, which doubled over the past year, according to Benchmark. Benchmark’s Anode forecast shows there are only two operating anode facilities in North America, one of which is a small-scale silicon anode production plant operated by Group14.",{"type":570,"attrs":638,"content":639},{"textAlign":49},[640],{"text":641,"type":575},"There are currently four cathode facilities in operation in the US and one in Canada, though most of these are not at commercial scale yet. Panasonic recently signed a deal with Redwood Materials, a Nevada-based cathode producer, to supply its new gigafactory in Kansas.",{"type":570,"attrs":643,"content":644},{"textAlign":49},[645],{"text":646,"type":575},"Although there are more facilities set to come online over the next few years, North America’s cathode production deficit is still set to increase 3.5 times between now and 2030.",{"type":616,"attrs":648,"content":649},{"level":618,"textAlign":49},[650],{"text":651,"type":575},"Raw materials ",{"type":570,"attrs":653,"content":654},{"textAlign":49},[655],{"text":656,"type":575},"Although North America can’t meet all of its downstream raw material needs domestically, the forecast looks promising for lithium, with over 60% of its domestic battery needs possible to be met with domestic supply, according to Benchmark.",{"type":570,"attrs":658,"content":659},{"textAlign":49},[660],{"text":661,"type":575},"Companies including Albemarle and Livent are expanding their lithium processing capacity in the US market. ",{"type":570,"attrs":663,"content":664},{"textAlign":49},[665],{"text":666,"type":575},"Similarly, refined nickel production in the region could meet nearly 60% of 2030 battery demand. However, much of this will enter the steel supply chain rather than be used for batteries.",{"type":570,"attrs":668,"content":669},{"textAlign":49},[670],{"text":671,"type":575},"“The region, especially the US, will be reliant on other free trade agreement countries and probably China to meet the unfulfilled domestic demand,” Miller said.",{"type":616,"attrs":673,"content":674},{"level":618,"textAlign":49},[675],{"text":676,"type":575},"Brief cell surplus",{"type":570,"attrs":678,"content":679},{"textAlign":49},[680],{"text":681,"type":575},"For battery cells, North America is forecast by Benchmark to have a slight surplus of cell production by the end of the decade.",{"type":570,"attrs":683,"content":684},{"textAlign":49},[685],{"text":686,"type":575},"“There has been a real focus in the US to invest in the downstream of the supply chain,” Miller said. “The need for cells was much more apparent to the automakers.”",{"type":570,"attrs":688,"content":689},{"textAlign":49},[690],{"text":691,"type":575},"Aran Waid, an analyst at Benchmark, explained the surplus is due to several gigafactories coming online around 2025 and ramping up. But demand is rising rapidly, so a deficit is expected beyond 2030.",{"type":570,"attrs":693,"content":694},{"textAlign":49},[695],{"text":696,"type":575},"“There need to be further expansions,” Waid said. “If North America EV penetration rates increase more than expected then that could push demand up even further in future years.”","Increased penetration of electric vehicles and large-scale deployment of energy storage systems is driving the rising demand for batteries in North America. Benchmark forecasts regional demand will increase nearly six-fold between 2022 and 2030. But while battery cell production is expected to meet the region’s demand this decade, there is a lack of forecast capacity […]",[699],{"slug":558,"name":559,"content":700},{"job_title":561,"image":701,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"5fa3bafa-a3ee-4475-9b27-ace300c9d331\", \"id\": \"\"}-->","article",[705,708],{"slug":706,"name":707},"batteries","Batteries",{"slug":709,"name":710},"critical-minerals","Critical Minerals","private",{"id":49,"alt":612,"name":612,"focus":612,"title":612,"source":612,"filename":713,"copyright":612,"fieldtype":714,"meta_data":715,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/5acab65434/bm-na-supply-header-image-copy.jpg","asset",{"alt":612,"title":612,"source":612,"copyright":612},"Nov 17, 2022","17th November 2022",[],[],1783529665831]