The Global Lithium Metal Foil Market was valued at US$ 120.5 Million in 2022 and is projected to reach US$ 856.3 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 27.8% during the forecast period (2023–2030). This robust expansion is fueled by the surging demand for high-energy-density batteries in electric vehicles (EVs), consumer electronics, and emerging solid-state battery technologies, alongside advancements in lithium metal anode production to enhance battery performance and safety.

As the energy storage sector evolves toward more efficient and sustainable solutions, attention turns to the pivotal suppliers of lithium metal foil who are pioneering material innovations, scaling production, and enabling the next generation of rechargeable batteries. In this blog, we spotlight the Top 10 Companies in the Lithium Metal Foil Market—a blend of established chemical giants, specialized manufacturers, and research-driven firms leading the charge in global battery material supply.

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🔟 1. Ganfeng Lithium Group

Headquarters: Xinyu, Jiangxi Province, China
Key Offering: High-purity lithium metal foil (99.9%+), lithium alloys for battery anodes

Ganfeng Lithium Group stands as a dominant force in the lithium supply chain, with its advanced materials division producing premium lithium metal foils tailored for next-generation lithium-metal batteries. The company serves major EV manufacturers and battery producers worldwide, focusing on ultra-thin foils that improve energy density and cycling stability in solid-state applications. Their state-of-the-art facilities in China integrate extraction, refining, and foil rolling processes, ensuring consistent quality for demanding electrochemical uses.

Innovation Initiatives:

• Investment in solid-state battery R&D, targeting 50% higher energy density

• Partnerships with global automakers for EV anode materials

• Expansion of production capacity to 10,000 tons annually by 2026

Download FREE Sample Report: Lithium Metal Foil Market – View in Detailed Research Report

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9️⃣ 2. SMI Ltd.

Headquarters: Tokyo, Japan
Key Offering: Precision-rolled lithium metal foil, coated variants for battery prototypes

SMI Ltd. excels in delivering high-precision lithium metal foils to research institutions and battery developers in Asia and beyond. Operating from specialized cleanroom facilities, the company produces foils with thicknesses as low as 20 microns, ideal for experimental lithium-metal anodes in pouch and cylindrical cells. Their commitment to quality control has positioned them as a preferred supplier for cutting-edge battery testing, particularly in Japan’s thriving EV innovation ecosystem.

Innovation Initiatives:

• Development of protective coatings to mitigate dendrite formation

• Collaborations with universities on next-gen foil alloys

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8️⃣ 3. China Energy Lithium

Headquarters: Beijing, China
Key Offering: Industrial-grade lithium metal foil (99.5%-99.9%), bulk supplies for manufacturing

China Energy Lithium is a key player in large-scale production of lithium metal foils, catering primarily to the domestic battery industry that powers global EV giants like BYD and CATL. Their foils are engineered for compatibility with high-volume assembly lines, offering cost-effective solutions that balance purity and performance. With a focus on vertical integration, the company controls upstream lithium sourcing to downstream foil fabrication, reducing lead times and enhancing reliability for clients.

Innovation Initiatives:

• Scale-up of automated rolling technology for thinner foils

• Joint ventures with battery firms to optimize anode integration

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7️⃣ 4. HF Kejing

Headquarters: Hefei, Anhui Province, China
Key Offering: Custom lithium metal foil strips, research-grade materials

HF Kejing specializes in tailored lithium metal foils for laboratory and pilot-scale battery development, serving an international clientele of researchers and startups. Based in China’s battery hub, the firm provides foils in various purities and formats, including vacuum-sealed packaging to prevent oxidation. Their expertise in material handling ensures foils meet stringent specifications for electrochemical performance, making them indispensable for advancing lithium-metal battery commercialization.

Innovation Initiatives:

• R&D into foil surface treatments for better electrolyte compatibility

• Supply agreements with EV component makers for prototype testing

Download FREE Sample Report: Lithium Metal Foil Market – View in Detailed Research Report

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6️⃣ 5. KOHAN SHOJI Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: High-vacuum evaporated lithium metal foil, specialty alloys

KOHAN SHOJI brings decades of metallurgical expertise to the lithium metal foil arena, producing foils through advanced evaporation techniques that yield exceptional uniformity and purity. The company’s products are widely used in button and cylindrical batteries for electronics, with a growing footprint in EV applications. Their Japanese precision engineering ensures minimal impurities, which is crucial for achieving long cycle life in lithium-metal systems.

Innovation Initiatives:

• Exploration of lithium-silicon composite foils for enhanced capacity

• International certifications for clean energy material standards

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5️⃣ 6. Santoku Corporation

Headquarters: Minato-ku, Tokyo, Japan
Key Offering: Ultra-pure lithium metal foil (>99.9%), anode-grade sheets

Santoku Corporation leads in ultra-high-purity lithium materials, manufacturing foils that are pivotal for solid-state and lithium-metal battery breakthroughs. With a strong emphasis on R&D, they supply foils to leading battery innovators, enabling tests for higher voltage and safer energy storage. Their production processes incorporate stringent contamination controls, positioning them at the forefront of materials science for sustainable energy.

Innovation Initiatives:

• Annual production exceeding 5,000 tons, with plans for doubling by 2027

• Collaborative projects on dendrite-suppressing foil architectures

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4️⃣ 7. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: Custom-engineered lithium metal foil, lab-to-production scale

American Elements offers a comprehensive range of lithium metal foils, from research quantities to industrial volumes, supporting North American battery development efforts. Known for rapid customization, the company provides foils doped with trace elements to optimize battery performance. Their role in the U.S. supply chain is growing amid efforts to localize advanced materials production for EVs and grid storage.

Innovation Initiatives:

• Focus on recyclable foil processes to support circular economy goals

• Partnerships with U.S. Department of Energy-funded projects

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3️⃣ 8. Honjo Metal Co., Ltd.

Headquarters: Chuo-ku, Tokyo, Japan
Key Offering: Thin lithium metal foil for cylindrical batteries, alloy variants

Honjo Metal Co. is renowned for its precision manufacturing of lithium foils used in high-performance cylindrical batteries, supplying key players in the consumer electronics and power tools sectors. The company’s foils feature superior ductility and corrosion resistance, derived from proprietary rolling and annealing techniques. As demand for compact, high-energy cells rises, Honjo’s innovations continue to refine foil properties for broader applications.

Innovation Initiatives:

• Development of foils for flexible battery designs in wearables

• Expansion into aerospace battery materials

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2️⃣ 9. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: High-purity lithium metal foil, integrated supply chain solutions

Albemarle Corporation, a global leader in lithium chemicals, extends its portfolio to metal foils through advanced downstream processing. Their foils support the shift toward lithium-metal anodes in EVs, with production emphasizing sustainability and scalability. Leveraging vast lithium reserves, Albemarle ensures a stable supply, making it a strategic partner for battery manufacturers aiming for mass-market adoption.

Innovation Initiatives:

• Targets for 20,000 tons of lithium materials output by 2030

• R&D collaborations on sustainable mining-to-foil processes

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1️⃣ 10. Arcadium Lithium

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Lithium metal foil for button batteries, specialty high-purity grades

Arcadium Lithium (formerly Livent) rounds out the top tier with its focus on specialty lithium foils for primary and secondary batteries, particularly button cells in devices. The company’s American-based operations provide reliable supply to Western markets, with foils designed for immediate reactivity and long shelf life. Their expertise in fine chemicals translates to foils that meet exacting standards for medical and industrial applications.

Innovation Initiatives:

• End-to-end solutions from lithium salts to finished foils

• Strategic alliances with battery recyclers for material recovery

Read Full Report: Lithium Metal Foil Market – View in Detailed Research Report

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🌍 Outlook: The Future of Lithium Metal Foil Is Smarter and More Efficient

The lithium metal foil market is experiencing transformative growth, propelled by the imperative for superior battery technologies. While current applications dominate in portable devices, the sector is channeling significant resources into advanced anode materials, production innovations, and supply chain optimizations to meet the escalating needs of EVs and renewable energy storage.

This evolution stems from the inherent advantages of lithium metal foils, such as their high theoretical capacity—over 3,800 mAh/g compared to graphite’s 372 mAh/g—which promises batteries with double the energy density. However, challenges like dendrite growth and reactivity require ongoing R&D, where these top companies are investing heavily. For instance, the push toward solid-state electrolytes pairs seamlessly with thinner, purer foils to mitigate safety risks, fostering broader adoption.

Furthermore, regional dynamics play a crucial role. Asia-Pacific, led by China and Japan, accounts for over 70% of global production due to concentrated battery manufacturing hubs. Meanwhile, North America and Europe are ramping up domestic capabilities through incentives like the U.S. Inflation Reduction Act, aiming to reduce reliance on imports and bolster local innovation. By 2030, this could diversify supply chains and accelerate commercialization.

In terms of applications, the shift from button and cylindrical batteries to large-format EV cells is evident. Button batteries, which held a significant share in 2022, are giving way to cylindrical formats for higher power outputs in tools and drones. The ‘Other’ category, encompassing emerging uses like aerospace and medical implants, is poised for the fastest growth, as foils enable compact, reliable power sources in constrained spaces.

Market segmentation by purity further highlights trends: The 99.5%-99.9% grade dominates volume-wise for cost-sensitive applications, but above 99.9% foils are gaining traction in premium R&D, expected to see CAGRs exceeding 30%. Geographically, China’s forecast dominance—projected to surpass US$ 400 million by 2030—underscores its role as the epicenter, while the U.S. market, valued at US$ 20 million in 2022, will benefit from tech investments.

📈 Key Trends Shaping the Market:

• Accelerated R&D in dendrite-free foils and protective layers for solid-state batteries

• Regulatory incentives for domestic lithium production in the U.S. and EU

• Digital twins and AI-optimized manufacturing for foil consistency

• Strategic mergers and partnerships between miners, refiners, and battery OEMs

The competitive landscape remains fragmented yet innovative, with the top five players commanding about 60% of revenue in 2022. Surveys of manufacturers reveal optimism tempered by supply volatility; price fluctuations from lithium carbonate feedstocks pose risks, but long-term contracts are stabilizing the sector. Upstream, brine and hard-rock mining expansions are key, while downstream, recycling initiatives aim to recover 20% of materials by decade’s end.

Looking ahead, the integration of lithium metal foils into commercial EVs could unlock markets worth billions, contingent on overcoming scalability hurdles. These companies are not merely supplying materials—they are engineering the backbone of a electrified future, where efficient energy storage powers everything from daily commutes to global grids.

Read Full Report: Lithium Metal Foil Market – View in Detailed Research Report

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The companies profiled here are not only producing lithium metal foil—they’re catalyzing the revolution in energy storage that will sustain our sustainable tomorrow.