The Global Battery Raw Materials Market was valued at USD 35.41 Billion in 2023 and is projected to reach USD 51.71 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2023–2030). This growth is being driven by the global transition to electric vehicles, renewable energy storage solutions, and surging demand for consumer electronics, which has accelerated investments in lithium, cobalt, nickel, and graphite supply chains worldwide.

As the clean energy ecosystem accelerates, the critical mineral supply chain has become a strategic priority for nations and corporations alike. In this blog, we profile the Top 10 Companies in the Battery Raw Materials Industry—a dynamic mix of mining giants, specialty chemical producers, and advanced material suppliers shaping the future of energy storage.

🔟 1. Umicore S.A.

Headquarters: Brussels, Belgium
Key Offering: Cathode Active Materials (CAM), High-Purity Cobalt, Nickel, Lithium

Umicore is a global leader in circular materials technology, specializing in high-performance cathode materials and the recycling of lithium-ion batteries. Their integrated approach positions them as a key enabler for electric mobility and renewable energy storage solutions.

Sustainability Initiatives:

• Pioneering closed-loop battery material cycles

• Over 15 GWh of annual cathode material production capacity

• Plans for carbon-neutral operations by 2035

Download FREE Sample Report:
Battery Raw Materials Market – View in Detailed Research Report

9️⃣ 2. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Lithium Compounds, Bromine Specialties, Catalysts

Albemarle is one of the world’s largest lithium producers, with strategic operations in Chile, Australia, and the United States. The company provides essential materials for lithium-ion batteries used in electric vehicles and grid storage systems.

Sustainability Initiatives:

• Expansion of lithium production capacity to over 300,000 MT LCE annually by 2030

• Implementation of direct lithium extraction (DLE) technologies for reduced environmental impact

8️⃣ 3. SQM (Sociedad Química y Minera)

Headquarters: Santiago, Chile
Key Offering: Lithium Carbonate, Lithium Hydroxide, Iodine

SQM is a major global lithium producer with extensive operations in Chile’s Salar de Atacama. The company is expanding its global footprint to meet the explosive demand for battery-grade lithium products.

Sustainability Initiatives:

• Commitment to sustainable lithium extraction in the Atacama Desert

• Development of high-purity lithium products for next-generation batteries

7️⃣ 4. BASF Catalysts LLC

Headquarters: Ludwigshafen, Germany
Key Offering: Cathode Active Materials, Battery Recycling Solutions

BASF is a leading chemical company with a growing portfolio of battery materials, including high-nickel cathode chemistries. The company operates production facilities in Europe, Asia, and North America.

Sustainability Initiatives:

• Investment of over $4.5 billion in battery materials by 2030

• Integrated value chain from raw material sourcing to battery recycling

Download FREE Sample Report:
Battery Raw Materials Market – View in Detailed Research Report

6️⃣ 5. Glencore plc

Headquarters: Baar, Switzerland
Key Offering: Cobalt, Nickel, Copper, Recycled Battery Metals

Glencore is one of the world’s largest diversified natural resource companies, with significant production of cobalt and nickel—two critical raw materials for lithium-ion batteries.

Sustainability Initiatives:

• Responsible sourcing certifications for cobalt from DRC operations

• Partnerships with battery manufacturers and auto OEMs for secure supply chains

5️⃣ 6. Ganfeng Lithium Co., Ltd.

Headquarters: Xinyu, China
Key Offering: Lithium Compounds, Battery-grade Metals, Recycling Services

Ganfeng Lithium is a leading global lithium producer with investments across the lithium value chain from mining to battery recycling.

Sustainability Initiatives:

• Vertical integration from resource extraction to battery production

• Expansion of lithium chemical production capacity to over 600,000 LCE by 2030

4️⃣ 7. Livent Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Lithium Compounds, Battery Materials

Livent is a global lithium technology company with operations in Argentina and the United States, supplying high-performance lithium products to battery manufacturers worldwide.

Sustainability Initiatives:

• Focus on sustainable brine operations in Argentina’s Salar del Hombre Muerto.

  Sustainability Initiatives:

  • Implementation of water conservation and energy efficiency programs at production facilities

  • Development of direct lithium extraction technologies for improved efficiency

  ---

  3️⃣ 8. Sumitomo Metal Mining Co., Ltd.

  Headquarters: Tokyo, Japan
  Key Offering: Cathode Materials, Nickel Products, Copper

  Sumitomo Metal Mining is a major Japanese company with a strong position in cathode materials production for lithium-ion batteries.

  Sustainability Initiatives:

  • Development of high-nickel NCA and NMC cathode materials for automotive batteries.

    Sustainability Initiatives:

    • Expansion of cathode material production capacity targeting 100,000 tons annually

    ---

    2️⃣ 9. Vale S.A.

    Headquarters: Rio de Janeiro, Brazil
    Key Offering: Nickel, Cobalt, Copper

    Vale is one of the world’s largest mining companies, with significant production of nickel—a key component in high-energy-density lithium-ion batteries.

    Sustainability Initiatives:

    • Investment in low-carbon nickel production technologies

    • Responsible sourcing initiatives across global operations

    Download FREE Sample Report:
    Battery Raw Materials Market – View in Detailed Research Report

    ---

    1️⃣ 10. POSCO Holdings

    Headquarters: Pohang, South Korea
    Key Offering: Lithium Compounds, Nickel, Cathode Materials

    POSCO Holdings, through its subsidiaries including POSCO Chemical, has emerged as a major player in the global battery materials supply chain.

    Sustainability Initiatives:

    • Development of integrated battery material production facilities

    • Strategic partnerships with global automotive OEMs for stable supply chains

    Get Full Report Here:
    Battery Raw Materials Market – View in Detailed Research Report

    ---

    🌍 Outlook: The Future of Battery Raw Materials Is More Diversified and Sustainable

    The battery raw materials market is undergoing a fundamental transformation. While lithium-ion battery chemistries continue to dominate, the industry is rapidly diversifying supply sources and developing more sustainable extraction and processing methods.

    📈 Key Trends Shaping the Market:

    • Rapid expansion of lithium mining and refining capacity across Australia, South America, and North America

    • Development of alternative battery chemistries including sodium-ion and solid-state technologies

    • Increased focus on battery recycling and circular economy principles

    • Strategic government initiatives to secure critical mineral supply chains, particularly in North America and Europe

    • Technological innovations in direct lithium extraction and sustainable mining practices

    Get Full Report Here:
    Battery Raw Materials Market – View in Detailed Research Report

    The companies listed above are not only powering the global energy transition—they’re building the foundation for a more sustainable and electrified future.

    
    

    • Author
    • Recent Posts

    

    Rohit k

    

    Latest posts by Rohit k (see all)

    • Top 10 Companies in the Rhodamine B Industry (2025): Market Leaders Powering Colorant and Fluorescence Applications - November 1, 2025
    • Top 10 Companies in the Acetylene Market (2025): Industry Leaders Driving Industrial Growth Worldwide - November 1, 2025
    • Top 10 Companies in the Lanthanum Tungsten Electrode Industry (2025): Market Leaders Powering Advanced Welding Technologies - November 1, 2025