As factors such as pH value, temperature, solution concentration, stirring rate and reaction time in the pCAM reaction will affect the final physical and chemical properties such as the consistency of the pCAM morphology, particle size, specific surface area, and requires high technical accumulation and process control capabilities, while at the same time, ternary pCAM are non-standardised products with strong customised development characteristics, the ability to respond to customer needs quickly and accurately is crucial. This requires precise matching of process parameters that need to be frequently adjusted during the reaction synthesis process to ensure that various physical and chemical indicators are within a controllable range.
Based on this, the concentration of the ternary pCAM industry is higher than that of the ternary cathode material industry itself, and the concentrated market share largely reflects the technical strength of each market leader.
As the downstream ternary cathode industry and gigafactories companies become more concentrated, the leading pCAM companies rely on their scale and technological advantages to drive industry concentration.
In 2023, the top five Chinese ternary pCAM producers were CNGR Advanced Material Co., Ltd Guangdong Brunp Recycling Technology Co., Ltd, GEM Co., Ltd, Zhejiang Huayou Cobalt Co., Ltd, and Lanzhou Jintong New Materials Energy Storage Power Co., Ltd accounted for 75% market share, up 4% from 2021.
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Battery Cathode- & Precursor Production Data Analyst || Manganese-in-Batteries Specialist || Pragmatist & Realist || Author of 2 LinkedIn Newsletters ||
6moInteresting that the USA is so prominent as a major player as material processing and refining of Manganese Chemicals for NMC batteries. Could you kindly elaborate who this NEW major producer of High Purity Manganese Sulphate Monohydrate IS in the USA? They surely went below the radar, or do they currently fall into the same category as GM overtaking Tesla by mid-decade? (as per Mary Barra) To my knowledge China has a 95% market share in the production of Manganese for NMC cells, and at their current market price of about $650/mt, they probably won't lose to much market share in the next 20 years. (about 2 million mt in various battery grade Mn-chemicals capacity coming online by 2026/7)