Capacity for the production of lithium iron phosphate (LFP) cathode material is significantly exceeding demand for the material, driving down prices. This year, LFP production capacity is set to be 76% higher than the forecast demand for the material. This overcapacity is expected to increase to 127% in 2025. A significant quantity of this supply, […]
> South Korea’s battery industry is one of the most developed and globally integrated ecosystems in the world. Yet beneath the surface of its technical leadership lies a sense of caution: competition from China is intensifying, margins are thin, and chemistry choices are shifting rapidly. A recent visit by Benchmark’s Lithium Product Director, Cameron Perks – […]
> The Trump administration is stepping up direct investments in critical mineral projects to bolster US supply security, as part of a broader push by Washington to acquire equity in sectors considered vital to national security. Last week, the US Department of Energy (DoE) announced it would restructure a $2.3bn loan agreement with Lithium Americas, providing […]
> Following the temporary four-month suspension of cobalt exports from the Democratic Republic of Congo (DRC) earlier this month, prices of nickel cobalt manganese (NCM) and lithium cobalt oxide (LCO) cathode materials have risen. How is the cobalt export ban impacting the cathode market? The rise in NCM cathode material costs is not wholly down to […]
> In the third quarter of 2025, 18 of the largest 25 copper miners reported quarter-on-quarter decreases in their output, including the top four miners. The total Q3 copper production reported by the top 25 miners hit 3.72Mt. “In the third quarter, many companies saw lower production compared to the previous quarter. However, most did not […]
> In the first half of 2025, the global BESS battery market showed clear signs of accelerated growth, with cell shipments in the first six months of 2025 surpassing the total volume of 2023 by over 17%. Explore how the top 10 ESS cell producers has evolved since 2023 in the interactive graphic below. Previously we examined the top BESS […]
> Lithium chemical prices spiked in China on Monday following a bullish speech by the chairman of Ganfeng – the world’s third-largest lithium producer – in which it was suggested that lithium demand growth could reach 30% in 2026. In a keynote speech on 16 November at the 10th International Summit on Power Battery Application in […]
> Benchmark hosted its inaugural Giga Africa event in Marrakesh, Morocco in September, featuring delegates from across the battery supply chain. Over the many conversations and discussions held about Africa’s place in the global battery supply chain, several key themes emerged: Explore these topics in the words of Giga Africa’s expert speakers and panellists.
> Benchmark Mineral Intelligence today announced the commercial launch of its new 314Ah lithium iron phosphate (LFP) cell price for energy storage applications. The announcement comes as global LFP battery cell prices show signs of recovery, following a marked rebound in lithium carbonate costs and tightening supply conditions across the battery materials market. Benchmark’s Head of […]