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anode producers will struggle to compete with China’s giants","global-anode-producers-will-struggle-to-compete-with-chinas-giants","article/global-anode-producers-will-struggle-to-compete-with-chinas-giants",{"_uid":557,"date":558,"tags":559,"editor":566,"content":576,"excerpt":689,"featured":51,"reporter":690,"_editable":694,"component":695,"seo_title":553,"categories":696,"visibility":699,"author_company":49,"featured_image":700,"seo_description":689,"author_full_name":49,"author_job_title":49,"formattedDate":704,"formattedArticleDate":705},"b33d2e8c-b23a-4938-82c2-715ba21f3eb9","2023-11-17 00:00",[560,563],{"slug":561,"name":562},"benchmark-week-2023","Benchmark Week 2023",{"slug":564,"name":565},"shanshan","Shanshan",[567],{"slug":568,"name":569,"content":570},"didi-bostock","Didi Bostock",{"job_title":571,"image":572,"bio":574,"linkedin":575},"Editor - Energy Transition & Economics",{"filename":573},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":577,"content":578},"doc",[579,586,591,606,626,635,642,647,658,663,668],{"type":580,"attrs":581,"content":582},"paragraph",{"textAlign":49},[583],{"text":584,"type":585},"Global anode producers will struggle to compete with the largest Chinese producers of the battery material without innovation, Benchmark analyst Albert Li said at the Benchmark Week 2023 conference in Los Angeles.","text",{"type":580,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":585},"“Unless there is any revolutionary anode product that changes the whole picture, future anode producers outside China will have to compete directly with the giants in China,” said Li.",{"type":580,"attrs":592,"content":593},{"textAlign":49},[594,596,604],{"text":595,"type":585},"China’s BTR New Energy, Shanshan and Putailai together have a combined market share of 46%, up from 41% in 2016, according to the ",{"text":597,"type":585,"marks":598},"Benchmark Anode Forecast",[599],{"type":600,"attrs":601},"link",{"href":602,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://www.benchmarkminerals.com/forecasts/anode/reports/","url",{"text":605,"type":585},". ",{"type":580,"attrs":607,"content":608},{"textAlign":49},[609,611,617,619,624],{"text":610,"type":585},"China accounts for ",{"text":612,"type":585,"marks":613},"92% of anode production globally",[614],{"type":600,"attrs":615},{"href":616,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/in-charts-why-decoupling-from-chinas-anode-market-could-be-difficult-for-the-west",{"text":618,"type":585}," and is still forecast to account for 80% of the total anode production by 2030, according to ",{"text":620,"type":585,"marks":621},"Benchmark",[622],{"type":600,"attrs":623},{"href":602,"uuid":49,"anchor":49,"target":49,"linktype":603},{"text":625,"type":585},".",{"type":580,"attrs":627,"content":628},{"textAlign":49},[629],{"type":630,"attrs":631},"image",{"id":49,"alt":632,"src":633,"title":49,"source":49,"copyright":49,"meta_data":634},"","https://a.storyblok.com/f/287943243085208/e046c9e679/bm-chinese-anode-expansions.png",{},{"type":636,"attrs":637,"content":639},"heading",{"level":638,"textAlign":49},4,[640],{"text":641,"type":585},"The big anode rush",{"type":580,"attrs":643,"content":644},{"textAlign":49},[645],{"text":646,"type":585},"Li said in 2016 a typical anode factory in China had a capacity of 5,000 tonnes a year. Production in China reached 100,000 tonnes that year in the country. Just two years later anode production doubled in China to over 200,000 tonnes a year and Shanshan announced the construction of China’s first 100,000 tonnes a year anode factory in Inner Mongolia. ",{"type":580,"attrs":648,"content":649},{"textAlign":49},[650,652,657],{"text":651,"type":585},"Since 2016 China’s top three anode producers have been at the forefront of transforming the anode industry to meet the ever growing demands of the electric vehicle battery industry – with each company increasing production by more than 10 times over that period, according to ",{"text":653,"type":585,"marks":654},"Benchmark’s Anode Forecast",[655],{"type":600,"attrs":656},{"href":602,"uuid":49,"anchor":49,"target":49,"linktype":603},{"text":625,"type":585},{"type":580,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":585},"Li said Shanshan has since announced even bigger projects — a 200,000 tonnes a year capacity factory in Sichuan in 2021 and another 300,000 tonnes a year capacity factory in Yunnan.",{"type":580,"attrs":664,"content":665},{"textAlign":49},[666],{"text":667,"type":585},"Besides Shanshan, other leading anode producers in China have announced large projects with capacities both in the domestic market as well as overseas. These include BTR, Putailai, Dongdao, Shangtai, and Carbon One among others.",{"type":580,"attrs":669,"content":670},{"textAlign":49},[671,673,679,681,687],{"text":672,"type":585},"Shanshan said last month it will",{"text":674,"type":585,"marks":675}," invest",[676],{"type":600,"attrs":677},{"href":678,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/chinas-shanshan-to-build-e1-28-billion-synthetic-anode-plant-in-finland",{"text":680,"type":585}," EUR 1.28 billion ($1.35 billion) to build a synthetic graphite anode facility in Finland with a nameplate capacity of 100,000 tonnes a year of anodes, constructed in two phases of 50,000 tonnes. Putailai ",{"text":682,"type":585,"marks":683},"said in May it would build",[684],{"type":600,"attrs":685},{"href":686,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/europes-anode-market-set-to-accelerate-with-putailai-talga-plants",{"text":688,"type":585}," a SEK 15.7 billion ($1.4 billion) synthetic graphite anode facility in Sweden.","Global anode producers will struggle to compete with the largest Chinese producers of the battery material without innovation, Benchmark analyst Albert Li said at the Benchmark Week 2023 conference in Los Angeles. “Unless there is any revolutionary anode product that changes the whole picture, future anode producers outside China will have to compete directly with […]",[691],{"slug":568,"name":569,"content":692},{"job_title":571,"image":693,"bio":574,"linkedin":575},{"filename":573},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"b33d2e8c-b23a-4938-82c2-715ba21f3eb9\", \"id\": \"\"}-->","article",[697],{"slug":698,"name":263},"anode","private",{"id":49,"alt":632,"name":632,"focus":632,"title":632,"source":632,"filename":701,"copyright":632,"fieldtype":702,"meta_data":703,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/1093d2c339/bm-btr-anode.jpg","asset",{"alt":632,"title":632,"source":632,"copyright":632},"Nov 17, 2023","17th November 2023",[],[],1792773907851]