Mainly finding use in electric vehicles, portable electronics, etc. and also commonly termed as the “Li-ion” Battery, the “Lithium-ion” Battery has the ability to be recharged. At the time of discharge, the lithium ions move from the negative electrode to the positive electrode through an electrolyte. This battery is made up of - the Positive and Negative Electrodes and the Electrolyte.

Around 600 Million Cylindrical Lithium-ion cells were produced in 2012 (the number soon hit 700 Million in 2013). Through its long developmental process, these batteries have steadily developed better capacity and performance capabilities by using different and newer Materials for the batteries.

How Lithium-ion Battery Materials Suppliers tackle the Market?

Having become the most sought after type of battery (and battery parts), in this century thus far, it has very high demand. This is beneficial for Lithium ion Battery Materials Suppliers who have to keep in mind all different materials required to create this battery available in four primary shapes - Small Cylindrical, Large Cylindrical, Flat/Pouch or a rigid plastic case.

Development(s) in the processes of creation of these batteries taking place continuously, the number of raw materials to be kept stocked up is constantly on the rise. This poses a challenge for the dealers supplying the materials for the Lithium-ion Batteries. Hence a lot of these suppliers tend to focus primarily on supplying one particular type of raw material.

As a result of this, the Lithium-ion Battery Materials Suppliers also get to target the specific markets where they can sell their respective product(s). For example, Lithium Nickel Manganese Cobalt Oxide’s benefits are: it’s specific power density and good specific energy. Hence, the suppliers of this particular Raw Material (li ion battery) will always target Gold Energy Storages, Power tools, Vehicles running on Electricity, etc.