Recent mergers and acquisitions in the lithium battery industry include:Birla Carbon's acquisition of Nanocyl, aimed at enhancing battery materials for lithium-ion batteries1.
Mergers and acquisitions in the lithium value chain have allowed companies to save capital spending and speed up project developments, Susan Zou, an analyst at Rystad Energy said in a report last week. This is especially crucial for lithium producers when prices are falling and lithium supply is still at risk of a deficit in the long-run, Zou said.
Losing market share of the lithium-ion battery cell production not only jeopardizes the country's clean-energy economy, leaving the U.S. dependent on other supplies, but also means American workers could stand to lose out on a potential job boom.
Sign up here. Our Standards: The Thomson Reuters Trust Principles. Tianqi Lithium, one of the world's biggest lithium producers, expects more consolidation in the lithium industry, an executive at the group said on Tuesday, following a $10.6 billion merger announced last week between Allkem Ltd and Livent Corp .
The company is unique because it covers a wide swath of the lithium-ion battery supply chain, including lithium resource development, refining & processing (75% of total revenue), battery manufacturing (17% of total revenue), and battery recycling & other (8% of total revenue). 1
Global companies in recent years have been scrambling to secure lithium ore amid surging demand from the electric vehicle battery industry, lithium's main consumer, which boosted lithium prices over 10 times from late 2020 to late 2022. "At least in the past three years, it's all about our anxiety to develop material.
Spot lithium carbonate prices assessed by Fastmarkets plunged to an 18-month low of 165,000 yuan ($23,871.18) a tonne on April 20, wiping out 72.4% from a record high of nearly 600,000 yuan a tonne in November.
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