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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":733,"relatedVideos":734},112469984319052,"82fa4172-93b3-4721-ab6b-183eb8bf4c9f","pCAM in charts: China retains cathode precursor dominance as it drives capacity expansions","pcam-in-charts-china-retains-cathode-precursor-dominance-as-it-drives-capacity-expansions","article/pcam-in-charts-china-retains-cathode-precursor-dominance-as-it-drives-capacity-expansions",{"_uid":547,"date":548,"tags":549,"editor":558,"content":568,"excerpt":710,"featured":50,"reporter":711,"_editable":715,"component":716,"seo_title":543,"categories":717,"visibility":722,"author_company":49,"data_vis_image":723,"featured_image":727,"seo_description":710,"author_full_name":49,"author_job_title":49,"formattedDate":731,"formattedArticleDate":732},"6da2bead-604a-4f9e-8158-c40c0402ac53","2024-02-29 00:00",[550,552,555],{"slug":551,"name":551},"cathode",{"slug":553,"name":554},"data-visualisation","Data Visualisation",{"slug":556,"name":557},"pcam","pCAM",[559],{"slug":560,"name":561,"content":562},"matthew-bird","Matthew Bird",{"job_title":563,"image":564,"bio":566,"linkedin":567},"Senior Editor - Supply Chains & Data Visualisation",{"filename":565},"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":569,"content":570},"doc",[571,578,593,600,609,614,619,624,631,636,649,656,661,673,680,685,692,705],{"type":572,"attrs":573,"content":574},"paragraph",{"textAlign":49},[575],{"text":576,"type":577},"China dominates global pCAM (precursor cathode active material ) capacity and will drive global expansions, a trend that Benchmark forecasts will hold for the foreseeable future. ","text",{"type":572,"attrs":579,"content":580},{"textAlign":49},[581,583,591],{"text":582,"type":577},"With data from ",{"text":584,"type":577,"marks":585},"Benchmark’s Precursor Cathode Active Material Assessment",[586],{"type":587,"attrs":588},"link",{"href":589,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://www.benchmarkminerals.com/market-assessments/precursor-assessment/capacities/","url",{"text":592,"type":577}," showing pCAM capacity increasing by 195% between 2024 and 2035, here we outline the key trends using Benchmark’s charts and data.",{"type":594,"attrs":595,"content":597},"heading",{"level":596,"textAlign":49},4,[598],{"text":599,"type":577},"China dominates pCAM capacity for the foreseeable future",{"type":572,"attrs":601,"content":602},{"textAlign":49},[603],{"type":604,"attrs":605},"image",{"id":49,"alt":606,"src":607,"title":49,"source":49,"copyright":49,"meta_data":608},"","https://a.storyblok.com/f/287943243085208/ae15d9510d/bm-screenshot-2024-02-23-165524.png",{},{"type":572,"attrs":610,"content":611},{"textAlign":49},[612],{"text":613,"type":577},"China currently controls 92% of global pCAM capacity and despite other regions ramping up production, the country is forecast to hold an 89% market share in 2035. North America sees the most dramatic relative growth in capacity, rising by more than 5,000% between 2024 and 2035. Despite this, the region is forecast to hold a 1% market share in 2035. ",{"type":594,"attrs":615,"content":616},{"level":596,"textAlign":49},[617],{"text":618,"type":577},"This trend holds for Tier 1 capacity",{"type":572,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":577},"China currently makes up 89% of global Tier 1 pCAM capacity. Despite this share falling over the next decade, the country will remain the key producer of Tier 1 pCAM material, which is qualified to supply the global EV market  ",{"type":572,"attrs":625,"content":626},{"textAlign":49},[627],{"type":604,"attrs":628},{"id":49,"alt":606,"src":629,"title":49,"source":49,"copyright":49,"meta_data":630},"https://a.storyblok.com/f/287943243085208/b0e61da78c/bm-screenshot-2024-02-23-165536.png",{},{"type":594,"attrs":632,"content":633},{"level":596,"textAlign":49},[634],{"text":635,"type":577},"Ex-China capacity grows 3x by 2035, with South Korea holding the largest capacity",{"type":572,"attrs":637,"content":638},{"textAlign":49},[639,641,647],{"text":640,"type":577},"South Korea has invested heavily in its pCAM and CAM capacity, directing ",{"text":642,"type":577,"marks":643},"$5 billion",[644],{"type":587,"attrs":645},{"href":646,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://source.benchmarkminerals.com/article/south-koreas-5-billion-pcam-and-cathode-building-boom",{"text":648,"type":577}," of funding to this area in 2023. The investment is intended to meet growing demand from the US for battery materials compliant with the Inflation Reduction Act (IRA). South Korea’s planned pCAM production capacity grew by 60% year-on-year in 2023.",{"type":572,"attrs":650,"content":651},{"textAlign":49},[652],{"type":604,"attrs":653},{"id":49,"alt":606,"src":654,"title":49,"source":49,"copyright":49,"meta_data":655},"https://a.storyblok.com/f/287943243085208/fb10cf5c67/bm-ex-china-market-share-area-adjusted-1.png",{},{"type":594,"attrs":657,"content":658},{"level":596,"textAlign":49},[659],{"text":660,"type":577},"China’s pCAM-CAM integration is stable as capacity grows",{"type":572,"attrs":662,"content":663},{"textAlign":49},[664,666,671],{"text":665,"type":577},"China’s pCAM capacity is forecast to grow 184% between 2024 and 2035, according to Benchmark’s ",{"text":667,"type":577,"marks":668},"Precursor Cathode Active Material Assessment",[669],{"type":587,"attrs":670},{"href":589,"uuid":49,"anchor":49,"target":49,"linktype":590},{"text":672,"type":577},". Despite this, pCAM-CAM integration only falls from 54% to 53%. Despite this significant ramp up in capacity, Benchmark forecasts pCAM-CAM integration will remain with 53% of capacity linked to integrated pCAM-CAM projects. Integration reflects capacity from producers which process both pCAM and CAM. ",{"type":572,"attrs":674,"content":675},{"textAlign":49},[676],{"type":604,"attrs":677},{"id":49,"alt":606,"src":678,"title":49,"source":49,"copyright":49,"meta_data":679},"https://a.storyblok.com/f/287943243085208/f14aecae98/bm-screenshot-2024-02-23-165552.png",{},{"type":594,"attrs":681,"content":682},{"level":596,"textAlign":49},[683],{"text":684,"type":577},"Competition in the pCAM market",{"type":572,"attrs":686,"content":687},{"textAlign":49},[688],{"type":604,"attrs":689},{"id":49,"alt":606,"src":690,"title":49,"source":49,"copyright":49,"meta_data":691},"https://a.storyblok.com/f/287943243085208/973f3121c4/bm-top-pcam-producers-table.png",{},{"type":572,"attrs":693,"content":694},{"textAlign":49},[695,697,703],{"text":696,"type":577},"The five companies with the highest pCAM capacity make up 46% of the total global capacity. This rises to 69% if you assess the top 10 producers. In comparison, the top 10 battery cell producers have 92% of current global capacity, according to Benchmark’s ",{"text":698,"type":577,"marks":699},"Gigafactory Assessment",[700],{"type":587,"attrs":701},{"href":702,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://www.benchmarkminerals.com/market-assessments/gigafactory-assessment/capacities/",{"text":704,"type":577},". ",{"type":572,"attrs":706,"content":707},{"textAlign":49},[708],{"text":709,"type":577},"For pCAM capacity, the top ten companies are all Chinese-owned, a figure which Benchmark expects to remain stable this decade. Umicore is the highest non-Chinese company at 12th with 2% market share in 2024 and is based in Brussels.","China dominates global pCAM (precursor cathode active material ) capacity and will drive global expansions, a trend that Benchmark forecasts will hold for the foreseeable future. With data from Benchmark’s Precursor Cathode Active Material Assessment showing pCAM capacity increasing by 195% between 2024 and 2035, here we outline the key trends using Benchmark’s charts and […]",[712],{"slug":560,"name":561,"content":713},{"job_title":563,"image":714,"bio":566,"linkedin":567},{"filename":565},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"6da2bead-604a-4f9e-8158-c40c0402ac53\", \"id\": \"\"}-->","article",[718,721],{"slug":719,"name":720},"batteries","Batteries",{"slug":551,"name":298},"private",{"id":49,"alt":724,"name":606,"focus":606,"title":724,"source":606,"filename":607,"copyright":606,"fieldtype":725,"meta_data":726,"is_external_url":51},"Stacked column chart showing Chinese market share of pCAM capacity compared to other global regions.","asset",{"alt":724,"title":724,"source":606,"copyright":606},{"id":49,"alt":728,"name":606,"focus":606,"title":728,"source":606,"filename":729,"copyright":606,"fieldtype":725,"meta_data":730,"is_external_url":51},"Close-up image of a battery and wiring","https://a.storyblok.com/f/287943243085208/baec85913e/bm-pcam-in-charts-featured-image.jpg",{"alt":728,"title":728,"source":606,"copyright":606},"Feb 29, 2024","29th February 2024",[],[],1780500953967]