China Could Disrupt the World’s Economic Future China’s dominance over the lithium industry is well-documented.
The Chinese Communist Party (CCP) has spent more than $60 billion in less than 10 years to construct a world-class refinery network.
Once that lithium is mined and refined, it moves on to the next phase in the process. Guess who controls nearly 100% of this critical step?
That’s right, China wins again. The country’s manufacturing prowess allows for dirt-cheap construction of cathode and anode materials — equally as important as their lithium counterpart.
Benchmark Mineral Intelligence reports that China accounts for more than 80% of the planet’s battery cathode manufacturing, 30% of its nickel refining capacity, and 75% of its cobalt refining capacity.
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