The Global Copper Foil for Lithium-ion Batteries Market was valued at USD 1953.62 Million in 2023 and is projected to reach USD 2558.76 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.60% during the forecast period. This robust growth is primarily fueled by the global surge in electric vehicle (EV) production, the expansion of grid-scale energy storage systems, and the increasing demand for high-performance consumer electronics.

At the heart of this energy transition is copper foil, a critical component acting as the negative electrode current collector in lithium-ion batteries. Its quality directly impacts battery performance, energy density, and safety. As the industry pushes for longer ranges and faster charging, the spotlight falls on the key materials suppliers driving innovation in foil thickness, purity, and mechanical properties. In this blog, we profile the Top 10 Companies in the Copper Foil for Lithium-ion Batteries Industry—a mix of established metal giants and specialized manufacturers shaping the future of energy storage.

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Global Copper Foil for Lithium-ion Batteries Market – View in Detailed Research Report

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🔟 1. Mitsui Mining & Smelting

Headquarters: Tokyo, Japan
Key Offering: Ultra-Thin Electrolytic Copper Foil, High-Performance Rolled Foil

Mitsui Mining & Smelting is a global leader in advanced materials, with a significant footprint in the copper foil sector for lithium-ion batteries. The company is renowned for its high-purity, ultra-thin foils that enable higher energy density in battery cells, catering to leading battery manufacturers worldwide.

Innovation and Expansion Initiatives:

• Pioneering foils with thicknesses below 6 micrometers

• Strategic capacity expansions in Japan and Southeast Asia to meet EV demand

• Focus on developing foils with enhanced tensile strength and elongation for next-generation batteries

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9️⃣ 2. Furukawa Electric Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-Durability Electrolytic Copper Foil

Furukawa Electric is a key supplier with a strong reputation for quality and reliability. Its copper foils are designed to withstand the demanding charge-discharge cycles of modern lithium-ion batteries, making them a preferred choice for automotive and industrial applications.

Innovation and Expansion Initiatives:

• Investment in R&D for heat-resistant surface treatments

• Expansion of production lines to support the growing Asian EV battery market

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8️⃣ 3. JX Nippon Mining & Metals

Headquarters: Tokyo, Japan
Key Offering: Premium Electrolytic Copper Foil, Specialty Alloy Foils

JX Nippon Mining & Metals leverages its expertise in non-ferrous metals to produce high-grade copper foils. The company focuses on creating foils that minimize energy loss and improve the overall efficiency and lifespan of battery cells.

Innovation and Expansion Initiatives:

• Development of low-profile, high-strength foils for fast-charging applications

• Global supply chain partnerships with major battery producers in China, South Korea, and the US

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7️⃣ 4. Nuode Investment Co., Ltd. (NUODE)

Headquarters: Dongguan, Guangdong, China
Key Offering: Cost-Effective Electrolytic Copper Foil

NUODE is one of China’s largest producers of electrolytic copper foil, playing a crucial role in supplying the domestic and international battery markets. The company is known for its large-scale production capabilities and competitive pricing.

Innovation and Expansion Initiatives:

• Rapid capacity expansion to become a top global supplier

• Focus on improving production efficiency and yield to maintain cost leadership

Download FREE Sample Report:
Global Copper Foil for Lithium-ion Batteries Market – View in Detailed Research Report

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6️⃣ 5. Iljin Materials

Headquarters: Seoul, South Korea
Key Offering: Ultra-Thin Copper Foil for EV Batteries

Iljin Materials is a South Korean specialist and a key supplier to the country’s major battery giants, including LG Energy Solution, Samsung SDI, and SK On. The company is at the forefront of developing ultra-thin foils essential for high-capacity battery cells.

Innovation and Expansion Initiatives:

• Mass production of 4-micrometer foil technology

• Strategic joint ventures and overseas plants to secure a global footprint

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5️⃣ 6. Circuit Foil (Part of Materion Corporation)

Headquarters: Luxembourg (Global Operations)
Key Offering: High-Performance Rolled Copper Foil

Circuit Foil, now part of Materion, is a leading global producer of rolled copper foils. Rolled foil is prized for its superior surface smoothness and flexibility, which can be advantageous for certain high-power battery designs and flexible electronics.

Innovation and Expansion Initiatives:

• Expertise in foil for specialized applications beyond standard LIBs

• Investment in R&D for foil-polymer composites

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4️⃣ 7. Co-Tech Corporation

Headquarters: Taoyuan City, Taiwan
Key Offering: Electrolytic Copper Foil for PCB and Battery Applications

Co-Tech is a major Taiwanese manufacturer with a diversified product portfolio that includes copper foil for both printed circuit boards (PCBs) and lithium-ion batteries. This dual focus provides economies of scale and manufacturing expertise.

Innovation and Expansion Initiatives:

• Expanding battery-grade foil capacity to capitalize on EV trends

• Leveraging PCB foil technology for advanced battery current collectors

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3️⃣ 8. Tongling Nonferrous Metals Group Co., Ltd.

Headquarters: Tongling, Anhui, China
Key Offering: Electrolytic Copper Foil

As one of China’s leading copper producers, Tongling Nonferrous Metals Group has a vertically integrated advantage, controlling the supply chain from raw copper to finished foil. This positions the company as a significant and stable supplier in the market.

Innovation and Expansion Initiatives:

• Large-scale investments in new foil production facilities

• Focus on supplying the booming Chinese EV and battery industry

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2️⃣ 9. Nan Ya Plastics Corporation

Headquarters: Taipei, Taiwan
Key Offering: Electrolytic Copper Foil

Nan Ya Plastics, a subsidiary of the Formosa Plastics Group, is a significant player in the global copper foil market. Its strong financial backing and chemical industry expertise allow for continuous process improvement and capacity growth.

Innovation and Expansion Initiatives:

• Aggressive capacity expansion plans in Taiwan and the United States

• Development of foils with improved adhesion properties for electrode materials

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1️⃣ 10. Kingboard Holdings Limited

Headquarters: Hong Kong
Key Offering: Laminates, Copper Foil, Chemicals

Kingboard is a diversified industrial group with a substantial copper foil division. Its integrated approach, from copper processing to foil production, ensures quality control and cost competitiveness, serving a global client base.

Innovation and Expansion Initiatives:

• Continuous modernization of production facilities for higher efficiency

• Strategic focus on the high-growth energy storage sector

Get Full Report Here:
Global Copper Foil for Lithium-ion Batteries Market – View in Detailed Research Report

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🌍 Outlook: The Future of Copper Foil is Thinner, Stronger, and Smarter

The copper foil market is evolving rapidly to keep pace with the demanding specifications of next-generation batteries. The relentless push for higher energy density is driving innovation toward thinner, lighter, and more durable foils.

📈 Key Trends Shaping the Market:

• Transition to foils with thicknesses of 6µm and below for increased battery capacity

• Development of advanced surface treatments to enhance adhesion and prevent corrosion

• Growing demand for rolled annealed copper foil for specific high-power applications

• Strategic partnerships and vertical integration to secure supply chains and reduce costs

Get Full Report Here:
Global Copper Foil for Lithium-ion Batteries Market – View in Detailed Research Report

The companies listed above are not only supplying a critical component—they are actively enabling the electrification of transport and the global shift to renewable energy by providing the essential materials for the batteries that power this transition.