The Global Lithium Foil Market was valued at USD 1,679 Million in 2023 and is projected to reach USD 3,165.54 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period (2024–2032). North America alone accounted for USD 493.96 Million in 2023, demonstrating strong regional demand at a CAGR of 6.26% through 2032.

As electric vehicles and renewable energy storage systems gain momentum worldwide, lithium foil has emerged as a critical component in battery anodes, pharmaceutical applications, and specialty alloys. This report profiles the Top 10 Companies in the Lithium Foil Industry – global leaders advancing material science through purity innovations, production scaling, and next-generation battery technologies.

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🔟 1. Ganfeng Lithium Co., Ltd.

Headquarters: Xinyu, Jiangxi, China
Key Offering: Ultra-thin lithium foil (5N+ purity), Battery anode materials

As the world’s largest lithium metals producer by volume, Ganfeng Lithium supplies 21% of global lithium foil demand. The company’s proprietary cold-rolling technology produces foils as thin as 10µm, essential for high-capacity battery applications.

Technology Advantages:

• Patent-protected argon atmosphere rolling process
• Vertical integration from brine extraction to foil production
• Strategic supplier relationships with Tesla and CATL

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9️⃣ 2. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: 4N-6N purity foils, Custom lithium alloys

Albemarle operates the Western hemisphere’s most advanced lithium foil facility in Silver Peak, Nevada, serving aerospace, defense, and medical sectors. The company recently expanded production capacity by 40% to meet growing EV battery demand.

Technology Advantages:

• Proprietary vacuum distillation purification
• Military-grade quality certifications (MIL-SPEC)
• Collaborations with solid-state battery startups

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8️⃣ 3. BASF Battery Materials (Chemetall)

Headquarters: Ludwigshafen, Germany
Key Offering: Industrial and battery-grade lithium foils

BASF’s lithium foil division dominates the European market through its 30,000 sqm production facility in Germany. The company’s automated production lines achieve ±0.5µm thickness consistency for precision applications.

Technology Advantages:

• Closed-loop production with 98% material efficiency
• Battery Consortium partnerships including EU Horizon 2020
• R&D focus on lithium-metal anode solutions

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7️⃣ 4. China National Nuclear Corporation (CNNC Jianzhong)

Headquarters: Chengdu, Sichuan, China
Key Offering: Nuclear-grade lithium foils, Isotope products

As China’s state-owned lithium specialist, CNNC Jianzhong supplies 37% of domestic demand. The company operates unique lithium-6 enrichment capabilities for defense and energy applications.

Technology Advantages:

• Exclusive supplier to China’s nuclear program
• World’s largest lithium deuteride production capacity
• Strategic supplier in national battery megafactories

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6️⃣ 5. American Elements Corporation

Headquarters: Los Angeles, California, USA
Key Offering: Research-grade lithium foils, Custom dimensions

American Elements specializes in ultra-high purity (up to 99.999%) lithium foils for scientific research. The company maintains the US’s most extensive inventory of specialty lithium materials.

Technology Advantages:

• NASA-approved supplier for space applications
• Custom foil production down to 2mm width
• ISO 17025 certified analytical laboratories

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5️⃣ 6. Tianqi Lithium Industries

Headquarters: Chengdu, Sichuan, China
Key Offering: Battery anode foils, Lithium compounds

Tianqi Lithium leverages ownership of the Greenbushes mine (world’s largest lithium deposit) to offer vertically integrated foil solutions. The company’s new lithium foil plant features full automation with AI-driven quality control.

Technology Advantages:

• World’s lowest production costs for 4N lithium
• Strategic partnerships with South Korean battery makers
• Developing lithium-air battery materials

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4️⃣ 7. China Energy Lithium Co., Ltd. (CEL)

Headquarters: Zhuhai, Guangdong, China
Key Offering: High-volume lithium foils, Custom alloys

CEL operates Asia’s most automated lithium foil production complex, delivering 12,000 metric tons annually to battery manufacturers. The company specializes in cost-effective solutions for mass-market EV batteries.

Technology Advantages:

• 600mm wide foil production capability
• Primary supplier to BYD and CATL
• Industry-leading 96% production yield

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3️⃣ 8. Ningxia Orient Tantalum Industry Co. (OTIC)

Headquarters: Shizuishan, Ningxia, China
Key Offering: Lithium alloy foils, Industrial materials

OTIC dominates China’s aluminum-lithium alloy market, supplying 68% of domestic demand. The company’s specialized foils enable lightweight aerospace components and high-strength materials.

Technology Advantages:

• Proprietary lithium-aluminum rolling technology
• AS9100 aerospace certification
• Strategic supplier to COMAC and AVIC

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2️⃣ 9. Livent Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Pharmaceutical-grade foils, Battery materials

Livent operates North America’s only FDA-approved lithium foil production line, specializing in ultra-pure materials for medical devices and psychiatric medications. The company’s cGMP facilities set industry standards.

Technology Advantages:

• US Pharmacopeia compliant production
• Strategic focus on bipolar disorder treatments
• Pacemaker battery supply agreements

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1️⃣ 10. Hebei Xinji Chemical Group

Headquarters: Shijiazhuang, Hebei, China
Key Offering: Cost-optimized lithium foils, Bulk supply

Xinji Chemical has become China’s leading volume producer of 2N-3N lithium foils, serving price-sensitive battery manufacturers. The company’s continuous casting process delivers industrial-scale efficiencies.

Technology Advantages:

• 45,000 MT annual lithium metal capacity
• Moisture-resistant packaging systems
• Dominant position in e-bike battery market

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🔋 Market Outlook: Accelerating the Energy Transition

The lithium foil industry stands at an inflection point as demand surges across battery technologies, pharmaceuticals, and advanced materials. While standard 3N foils currently dominate production, the market is shifting toward ultra-high purity (4N-6N) materials for next-generation applications.

📈 Key Industry Trends:

• Solid-state battery development driving ultra-thin foil innovation
• Pharmaceutical applications growing at 11.4% CAGR through 2030
• Automation improving production yields by 15-20% annually
• Strategic material stockpiling by governments worldwide

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Lithium Foil Market – View in Detailed Research Report

The companies leading this market aren’t just material suppliers – they’re enabling the global transition to electrified transportation and renewable energy storage through continuous innovation in lithium foil technologies.